It's very clear that after a very sharp up move NZDUSD
is now in a corrective structure where we have two pending advanced pattern
. A pending bearish cypher
which when completed may push price lower and complete a larger bullish gartley
. Gartley's XA wave is the sharp up move, meanwhile with its completion we have a five wave corrective pattern completion.
From that level we may buy and aim up to 1.27 of the XA wave. A great setup with huge risk reward ratio.
Happy trading to all..!