We already started a ZZwave correction up . Trget is the yellow lines then we will go possoiby for a down move .
We have finished 5 waves up and we started correction down . target is the bttom of this wave .
Price : 20.21$ Time interval : 1 hour Entrance : around 19.5 Target 1 = 24.39 Target 2 = 28.45 Stop Loss : 18.84 Profit expected :8.95$ Risk : 0.66$ All notes on the chart
Wave 2 was Flat and toke 68 days . Now we got MACD negative Divergence and traded below MA50 days . wave 4 expected to be sharp correction ZZ type that can target 19591-19109 and we still have about 25 days or more in this correction . afterthis we will go up in 5th wave with a new high .
after this sort sell . Im expecting US dollar to go up sharply for 1 reason : wave 1 and 3 are not extended and wave 5 should be extended that can reach 108 and above . at this stage all currencies against dollar will go down . keep an eye on this
I think we finished ABC correction and we are about to start an impulsive wave . Waite till we break up the channel for buy position . the target is 1236.69 . Best luck
We have a daily chart of NZDUSD , showing a possoibel Leading Diagonal wave and the correction up in wave 2 . our trade setup is wave 3 that targeting around 0.63571 . the 2nd chart show 45 minutes analysis . waite for rebound up to take sell position . trade above .074854 will invalidate this count . Best luck for all .
Possoible head and shoulder pattern targeting 1.07716 . keep this pattern in mind . Best luck .