i believe wave (II) cycle degree has unfolded forming a flat pattern with an ending diagonal in wave C as expected , we need to break the trendline connecting the end of wave ii and iv to confirm our count . a move after an ending diagonal for wave c should be sharp an severe .
Hello i believe NZDUSD is unfolding wave II of a larger degree as ABC of a zigzag , expect a sharp zigzag because wave (1) apparently was an leading diagonal , for now a rebound toward upside is expected to call wave 2 of C , it's much better to wait the penetration of the horizontal line near 0.72102 then you can go safely short .
Hello i believe NZDUSD is unfolding wave II of a larger degree as ABC of a zigzag , expect a sharp zigzag because wave (1) apparently was an leading diagonal , for now a rebound toward upside is expected to call wave 2 of C , it's much better to wait the penetration of the horizontal line near 0.72102 then you can go safely short .
Hello , i'am posting that to give a possible scenario for usdcad i don't recommend going long with that pair the best way is to wait that corrective pattern to unfold then we can go short