NZDUSD looks to be making a big 5 wave correction before the big downside. Currently we are looking for a short at the completion of the "D" point for one more move down to complete an ABCDE correction as well as a bat pattern . Once we get that we will be looking to long for that final 5th wave before the big down move.
Another possibility I'm watching is that the 4th wave was an abc correction like wave 2 was and the 5th wave is already underway, meaning we should see a trend continuation pattern form now
Another possibility I'm watching is that the 4th wave was an abc correction like wave 2 was and the 5th wave is already underway, meaning we should see a trend continuation pattern form now
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.