Hello,
Welcome to this analysis about NZDUSD and the daily timeframe perspectives. As when looking at my chart we can watch there how NZDUSD is building this massive descending-channel-formation with the coherent wave-count within the formation and the waves A to E almost already completed which already finalized the wave-count. Now as NZDUSD moved into the lower support this is a zone where NZDUSD has some good potentials to bounce as it is shown in my chart, when this bounce shows up and NZDUSD manages to breakout above the 1200-EMA this will lead to further continuations and NZDUSD will first approach the initial bounce-target-zone marked in the dynamic green box in my chart, when this zone has been reached it will be likely that NZDUSD firstly pulls back to re-test remaining levels from where it potentially builds up for a next formation. In this case when NZDUSD manages to hold the structure and bounce in the structure and if NZDUSD finally breaks out above the upper-boundary of the descending-channel this will lead to a bullish continuation as NZDUSD will move into the bullish-continuation-zone from where further upper zones have the ability to be reached, for now, we can expect the initial bounce to emerge, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about NZDUSD and the daily timeframe perspectives. As when looking at my chart we can watch there how NZDUSD is building this massive descending-channel-formation with the coherent wave-count within the formation and the waves A to E almost already completed which already finalized the wave-count. Now as NZDUSD moved into the lower support this is a zone where NZDUSD has some good potentials to bounce as it is shown in my chart, when this bounce shows up and NZDUSD manages to breakout above the 1200-EMA this will lead to further continuations and NZDUSD will first approach the initial bounce-target-zone marked in the dynamic green box in my chart, when this zone has been reached it will be likely that NZDUSD firstly pulls back to re-test remaining levels from where it potentially builds up for a next formation. In this case when NZDUSD manages to hold the structure and bounce in the structure and if NZDUSD finally breaks out above the upper-boundary of the descending-channel this will lead to a bullish continuation as NZDUSD will move into the bullish-continuation-zone from where further upper zones have the ability to be reached, for now, we can expect the initial bounce to emerge, it will be an important development ahead.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"Trading effectively is about assessing possibilities, not certainties."
Information provided is only educational and should not be used to take action in the markets.
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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.
►✅JOIN THE BEST+ TOP TELEGRAM TRADING CHANNEL: t.me/VincePrinceForexGoldStocks
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
►🚀Write To Join the Elite VIP Signal Channels: @Vince_Prince
►🔥JOIN BYBIT TOP EXCHANGE►🎁 UP TO $30,000 BONUS NOW: partner.bybit.com/b/VinceByBit
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.