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.
Bình luận:
We have started wave ((V)) higher now it seems.
Bình luận:
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)
Bình luận:
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
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