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Nzdusdforecast

NZDUSD forecast on daily Note : NZDUSD has reached an important resistance level right now, we will wait for the price rejection that will occur at that level ;) **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
NZDUSD - Forex Majors | Elliott Wave Patterns | November 2019NZD/USD - Elliott Wave Technical Analysis Structure & Degree: 3-swings Sequence in a Primary Degree Y (pink) - Intermediate (A) (blue) - Sharp Zig-Zag - Intermediate (B) (blue)  - Complex Expanding Flat in Minors WXY (turquoise) - Intermediate (C) (blue) - Bullish Impulse Minor 1 (green): 5-swing sequence, decomposed as a 5-3-5-3-5 in Minutes i ii iii iv v (green) Minor 2 (green): Complex Double Three in Minutes wxy (purple) Current Position & Pattern: - Minute y (purple), bearish 3-swings or 5-swings sequence Expected Swing: - Minor 3 (green) accumulation cylinder: 3 of 3's Impulse, Bullish Sequence Technicals & Confirmations: - 61.8 or 71.6% Fibonacci Retracements of Minor 1 (green) - 161.8% or 200% Fibonacci Extensions of Minutes w & x (purple) - Bullish Divergence at the Fibs - Ascending Channel, lower trend-line support - Bullish Harmonic Structure
Long
by Lionheart-EWA
3