TradebyRik
Short

Slight up move followed by DOWNSIDE

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
29 0 5
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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