NZDUSD | The best area for correction♻️
Hello traders , NZDUSD in daily timeframe ,This analysis is prepared in daily timeframe but has been published for better view in 2 days timeframe.
In the count we had, and in our opinion we are dealing with a leading pattern, this pattern has definitely formed its waves 1, 2 and 3, and now we doubt the beginning of wave 5 and the end of wave 4.
Wave 4 has lasted longer than expected because its structure is complex
And is relatively normal.
In general, we give the probability of starting the next wave, that is, the beginning of wave 5.
In our opinion, all this recent ascent is related to a wave 1 of wave 5, and we are waiting for the correction for wave 2 at the specified point.
If this correction is confirmed if the trend line is broken downwards, this correction may end at its maximum point of 0.6500.
If the specified Fibonacci range is broken upwards, correction may be made on the upper side of the orange channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
In the count we had, and in our opinion we are dealing with a leading pattern, this pattern has definitely formed its waves 1, 2 and 3, and now we doubt the beginning of wave 5 and the end of wave 4.
Wave 4 has lasted longer than expected because its structure is complex
And is relatively normal.
In general, we give the probability of starting the next wave, that is, the beginning of wave 5.
In our opinion, all this recent ascent is related to a wave 1 of wave 5, and we are waiting for the correction for wave 2 at the specified point.
If this correction is confirmed if the trend line is broken downwards, this correction may end at its maximum point of 0.6500.
If the specified Fibonacci range is broken upwards, correction may be made on the upper side of the orange channel.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️