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NZDUSD: H1 & H4 Analysis

Dolar New Zealand / Dolar A.S. (FX:NZDUSD)  
apphiapatten  
FX:NZDUSD   Dolar New Zealand / Dolar A.S.
Support and Resistance Fibonacci Trend Lines Fibonacci Retracement short LONG Rising Wedge
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supportandresistance fibonacci trendline fibonacciretracement short long risingwedge
- Rising wedge chart pattern forming
- We are looking for price to drop dramatically as this pattern is an indicator for a bearish reversal
- Price is nearing the support zone which is also the 0.618 fibonacci retracement level of the previous elliott wave
- Price could reverse and continue long respecting the trend or break through the rising wedge, support zone and trend for a short

- Wait for confirmation candle...
Penafian

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