Price makes a lower low and moves in a tight rage in smaller timeframe
Main movement completed 1-5 Elliot wave
Correction legs completed AB=CD pattern
Price is at 0.50 fibo level from low of starting point Elliot wave, to end of 5th wave
AB=CD pattern completed at 1.414 extension level
Therefore, we can buy NZDUSD here
TP1: descending trendline
TP2: 0.68650
Stop: 0.66589
Main movement completed 1-5 Elliot wave
Correction legs completed AB=CD pattern
Price is at 0.50 fibo level from low of starting point Elliot wave, to end of 5th wave
AB=CD pattern completed at 1.414 extension level
Therefore, we can buy NZDUSD here
TP1: descending trendline
TP2: 0.68650
Stop: 0.66589