Dólar Neo-Zelandês/Dólar AmericanoViés de alta
NZDUSD Setting the Stage to Complete the Impulse Wave
The advance from October 2019 low can is taking the form of an impulsive Elliot Wave pattern, labeled 1-5. Wave 3 also subdivided into five-wave labeled (i)-(v).
To complete the major structure wave 4 and wave 5 are required. Price is expected to complete wave 4 correction around 38.2% Fib, which also lined up with channel support.
Once wave 4 is bottomed, an advance in wave 5 will complete the whole impulse structure.
Bottom Line: I will be looking to go long wave 5.
What's your view on NZDUSD?
To complete the major structure wave 4 and wave 5 are required. Price is expected to complete wave 4 correction around 38.2% Fib, which also lined up with channel support.
Once wave 4 is bottomed, an advance in wave 5 will complete the whole impulse structure.
Bottom Line: I will be looking to go long wave 5.
What's your view on NZDUSD?
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