NZDUSD - D1\H4
NZDUSD
D1 - The price is moving in a downward channel and the 5th wave begins to form after the ABC correction. In continuation of the downward movement, you can wait for the target to the level at W1 - 0.57735
H4 - The price has broken through the lower trend line, forming a 3-wave structure, the target can be expected at the level of 0.59521
What can you expect?
You can consider entering from the current levels of 0.60873 with a target of 0.59521. Also, if you are considering an entry, you can wait for the correction on H4.
Cancel if the price breaks the trend line at D1 - 0.61761.
Short
Target 0.60409 - 0.59919 - 0.59521 - 0.58824 - 0.57735
D1 - The price is moving in a downward channel and the 5th wave begins to form after the ABC correction. In continuation of the downward movement, you can wait for the target to the level at W1 - 0.57735
H4 - The price has broken through the lower trend line, forming a 3-wave structure, the target can be expected at the level of 0.59521
What can you expect?
You can consider entering from the current levels of 0.60873 with a target of 0.59521. Also, if you are considering an entry, you can wait for the correction on H4.
Cancel if the price breaks the trend line at D1 - 0.61761.
Short
Target 0.60409 - 0.59919 - 0.59521 - 0.58824 - 0.57735
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