NZDUSD weekly forecast, bullish market
Daily
So healthy uptrend begun in October
Sellers pressure still low but now price in correction. Looks like pullback
4H
Slight downward correction in uptrend move.
Need to wait for exhasion candles and trend continuation candles
1H
Downtrend that become weaker - counter trend and signs of correction
On Momentum no LL and LH - slight divergence.
I expect testing of level 0.67500 and bullish bouncing up to 0.68000
I will open LONG
entry 67400-67500
SL 0.67200
TP 0.68000 and can go futrher to 69000
So healthy uptrend begun in October
Sellers pressure still low but now price in correction. Looks like pullback
4H
Slight downward correction in uptrend move.
Need to wait for exhasion candles and trend continuation candles
1H
Downtrend that become weaker - counter trend and signs of correction
On Momentum no LL and LH - slight divergence.
I expect testing of level 0.67500 and bullish bouncing up to 0.68000
I will open LONG
entry 67400-67500
SL 0.67200
TP 0.68000 and can go futrher to 69000
Trade active:
It resembles what I expected
However i assume additional decline to 0/67400 level as 2nd check of level of uncertainty.
And then bullish market
However i assume additional decline to 0/67400 level as 2nd check of level of uncertainty.
And then bullish market
Trade closed: target reached:
+527 PIPS
Looks like 5 elliot waves formation is finished.
Now we are in ABC correction zone.
Looks like 5 elliot waves formation is finished.
Now we are in ABC correction zone.