NZDUSD
D1 - The price has formed a diverging triangle, which in the near future may lead to a decline, the price may correct by 50% or more, from a correction of 50% it will already be possible to consider entry points for buying, if the price continues to move to the lower border, purchases after breaking through impulse level.
H4 - You should wait for the trend level to be fixed, after which you should consider entering a sell position; you can also wait for a retest of the fixing level; to enter, the level is 0.60552 with targets for the level of 0.59408
What can you expect?
You can consider entering from the level 0.60851 - 0.60552 with further movement to the target 0.59408. Cancellation of the idea so as not to take increased risk on the idea levels beyond the maximum of the impulse wave on D1 - 0.61321
Short
Targets 0.60370 - 0.59910 - 0.59408 - 0.58575
D1 - The price has formed a diverging triangle, which in the near future may lead to a decline, the price may correct by 50% or more, from a correction of 50% it will already be possible to consider entry points for buying, if the price continues to move to the lower border, purchases after breaking through impulse level.
H4 - You should wait for the trend level to be fixed, after which you should consider entering a sell position; you can also wait for a retest of the fixing level; to enter, the level is 0.60552 with targets for the level of 0.59408
What can you expect?
You can consider entering from the level 0.60851 - 0.60552 with further movement to the target 0.59408. Cancellation of the idea so as not to take increased risk on the idea levels beyond the maximum of the impulse wave on D1 - 0.61321
Short
Targets 0.60370 - 0.59910 - 0.59408 - 0.58575