It seems that NZDUSD will not succeed in breaking the 🔴resistance zone($0.6250-$0.606)🔴, and this failure plays the role of a fake break or bull trap.
If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in 🟡Price Reversal Zone(PRZ)🟡.
🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in 🟡Price Reversal Zone(PRZ)🟡.
🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
Related publications
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.