While we wait for the nzd to finally fall , I don't see any reason why we sould not take advantage of the small buys.
When the small time frame correction is over I will try to buy, just for the fun of it
I'm watching this for some time now and it seems it wants to break out of the trend.
If Unemployment Change looks bad it might give it a chance to pullback, and then to come down.
let's see how it goes
What if the 3 wave structure are all there is for the correction and the next impulse down has already started ?
We have a divergence formed at the resistence level and round number ...
I'm just saying....
The pair is in Daily correction, H4 downtrend and after the up impulse is now in H1 correction.
The question is : it is ready to break the corrective H1 down trend or it will do the same as the previous highlighted example and make a double bottom first.
My opinion is that it will make another down move before the up trend starts
I will post a smaller time frame ...