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TradebyRik

Slight up move followed by DOWNSIDE

Short
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
TradebyRik  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
5
0
As per EW theory on channelling, the Corrective wave IV has a zig-zag pattern being formed has a c leg remaining to touch the upper TL thus completing wave IV. This will follow the Wave V upto the lower TL which is just about same length as Wave 1 (EW theory of equality).
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