After completion of 2 levels of consolidation, peak formation high formed, level 1 consolidation currently happening, wait for indiction for buyers or stop hunt and follow 2nd level of consolidation.
NZDUSD bouncing on .786 level on daily. Waiting on lower time frame entry, impulse then correction. I also notice slightly divergence on RSI and MACD on the 4 hrs. 5 wave Elliot Wave downtrend completed, 5 waves (abcd inside 2 3 waves). I could post EW 5 wave completed based on fib extensions. Fundamentally watching weakness on DXY. SL set if price closes below price 0.62
Clear h%s pattern and it could go a little higher to fib levels
Target same distance from head to neck. 1st level of consolidation. This is a counter trend trade on the macro view.
4 hr uptrend channel broken and retest. 0.786 fib retracement.
confluence of strategies and technicals
About to pop up !