NZDUSD - Looks like it has started a bullish trend
When price breaks outside the base channel, it suggests an impulsive move is in play.
The two zones marked in orange often act as resistance and support for subwave (i) and (ii) of larger degree red ((iii) which is perfectly the case here.
Therefore, I'm expecting a continuation higher here to 6340 first followed by 6390.
Invalidation level is 6200.
The two zones marked in orange often act as resistance and support for subwave (i) and (ii) of larger degree red ((iii) which is perfectly the case here.
Therefore, I'm expecting a continuation higher here to 6340 first followed by 6390.
Invalidation level is 6200.
コメント:
We have started wave ((V)) higher now it seems.
コメント:
We're still in a sideways consolidation here.
It could be a triangle wave ((iv)) but could also be a wave B but because we had a nice impulsive rise before, I remain bullish this one.
(Alt count can be found on my Telegram Channel)
It could be a triangle wave ((iv)) but could also be a wave B but because we had a nice impulsive rise before, I remain bullish this one.
(Alt count can be found on my Telegram Channel)
コメント:
No clear pattern here but all this overlapping price action and the fact we didn't make a new suggests we could see this go higher
Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public
Thanks !
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public
If you have ANY questions, reach out to me through
comments, chat or my Telegram t.me/ewbelgium