I have company arriving and don't have time to post or explain everything. NZD/USD at a pitchfork. So is Nzd/chf. Nzd/jpy is hitting the 200MA on monthly along with the 50% pitchfork fib drawn high to low on daily. Nzd/chf is now in a 5 wave down with a stunted 3rd wave, so I am still looking for a 3 wave pullback before final drop. NU might not be the best of the 3 to trade. NJ is very interesting. I'm not saying to just buy NZD, but watch out... Watch it... By the way, I am expecting long term bearishness on Nzd/Usd in a weekly wxyxz pattern that is moving down on wave "Z". However, it will have to pullback and confirm the down move, but in the current pattern it can still do one more up even breaking the high. Looking at the price action through the NZD pairs, I foresee decent buy entries upcoming. At least ones to get stops in profit if managed properly. But we are hitting multiple pitchfork fibs across the pairs right now...
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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.