Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is completing.
We are inside wave c of wave y and we assume that the last wave c moves towards Fibonacci 0.5 and then starts its ascent for wave 5 or wave d and this ascending wave continues until wave b before has it.
If the Fibo 0.50 is broken, the next target for the Fibo will be 0.618.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In this currency pair, waves 1, 2 and 3 have been completed and now we are inside wave 4.
Wave 4 is very long in terms of time and is in normal condition in terms of Fibo.
We think this wave is complex and from this complex wave the y wave is completing.
We are inside wave c of wave y and we assume that the last wave c moves towards Fibonacci 0.5 and then starts its ascent for wave 5 or wave d and this ascending wave continues until wave b before has it.
If the Fibo 0.50 is broken, the next target for the Fibo will be 0.618.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
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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.
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.