Description
⋅ NZDUSD: Two Possible Scenarios Ahead of FOMC
From the chart, we can see that the price is showing for
two possible trading scenarios ahead of FOMC.
In the first scenario, I am looking for the C wave down for another ABC
a corrective movement that can happen on a hawkish movement from the USD.
In the second scenario, we can see a broadening wedge pattern
that is already taking shape and the price can be ready for the "E"
wave completion.
For both scenarios, it is required confirmation as the price is just sleeping
for the moment.
Thank you and Good Luck!