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NZDUSD made a deep correction on daily tf. Market found support and made 5 wave impulsive move to the upside.
Since then price is correcting below falling trendline and forming a wedge pattern.
Watch for breakout and maybe retest of this descending trendline before opening a long position.
This is no investment advice. For educational purpose only.
NZDUSD made a deep correction on daily tf. Market found support and made 5 wave impulsive move to the upside.
Since then price is correcting below falling trendline and forming a wedge pattern.
Watch for breakout and maybe retest of this descending trendline before opening a long position.
This is no investment advice. For educational purpose only.
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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.