DavidCallwood
Short

NZDUSD: Wave 4 Triangle (corrective structure)

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
We have been presented with a wave 1-2-3 and an almost completed wave 4 triangle (corrective structure).
Waiting for a pullback and failed break/test of the *ACE-Line* (upper channel/trend-line resistance) of the triangle to sell short or a break below the *BD/support line/lower channel to get short.

*NOTE* If price action produce and impulsive breakout above the ACE-line it cancels this bear move in the short term.

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DavidCallwood
8 months ago
I know the triangle is not there yet, I only draw it out to have a plan (visual) for what to anticipate, then as it forms it will keep me aware as/if it transition to a WXY(XZ) complex pattern or ABC-ABC breakout
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