NZDUSD: Bullish Consolidation?
On intraday chart the trend is still bearish, but at the same time the pattern in play could still push the 
NZDUSD pair up.
Trade with care!
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NZDUSD pair up.Trade with care!
Like if my analysis is useful.
Cheers!
Nota
Nota
The NZDUSD pair failed to form ABCDE Pattern, then correctly triggered a bearish leg bringing the price back to the weekly opening value. That said, it is we cannot rule out further bearish consolidation, but if this happens, it should still be interpreted as a Long opportunity, let's see...Like 🚀 if my update is useful
Nota
📢 Only ABCDE Pattern formation will maintain valid uptrend.Nota
📢 As mentioned in previous updates, the technical environment has become slightly complicated. As we can see from 1H chart, the "12345 technical structure" could be completed a couple of pips below our Target 1. If this candlestick chart analysis is correct, here we have a "truncated wave 5".🔴 If we look at the linear chart instead, here wave 5 is correct with the closing of the bar above the previous one.
🔴 At the same time, I think that somehow, sooner or later, another bullish leg is coming, and if that happens, we may have on 1H chart something like an "irregular B wave"
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Penafian
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.