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.

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Trade with care.
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