OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello Traders

Even though its higher degree structure is a little bit messy, a running flat is in the making as far as I can see. That's why my expectation is an up impulse as C wave. My problem is the sharpness of the Z wave. It has no decent structure inside. So it doesn't give any clue about its completion. There is a good chance for a correction for more downside. Nevertheless, the last bottom can also be the end of it and what we have after that, can be a reversal pattern. That's why I'm waiting for the breaking of the yellow line by an impulsive wave and a correction to place a pending order. When it breaks the last top, I'll move SL to BE. Then we will see if it goes up or comes down again.

For more details and the daily updates please watch my daily analysis videos on Youtube.
Trade with care.
Bulent
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out