NZDUSD Short Opportunity
Hello traders !
Today we are going to analyse NZDUSD pair. As you can see in a chart,our overall bias are BEARISH but what can you see on 4H timeframe ?
We can see nice "Rising Wedge" pattern and also the Elliot Wave Theory. Price has already made its 5th wave and now we should expect ABC correction. I expect this correction reach our support level which is still not retested. This level also nicely fits with a 0.618 fibonacci level (also called the "golden ratio") and with 200 SMA. We can also see a divergence on RSI (10) which also indicates sell possibility.
After this I expect long move to our -0.272 fibonacci extension level but I will analyse this move later.
Thank y’all for reading this and good luck !
Today we are going to analyse NZDUSD pair. As you can see in a chart,our overall bias are BEARISH but what can you see on 4H timeframe ?
We can see nice "Rising Wedge" pattern and also the Elliot Wave Theory. Price has already made its 5th wave and now we should expect ABC correction. I expect this correction reach our support level which is still not retested. This level also nicely fits with a 0.618 fibonacci level (also called the "golden ratio") and with 200 SMA. We can also see a divergence on RSI (10) which also indicates sell possibility.
After this I expect long move to our -0.272 fibonacci extension level but I will analyse this move later.
Thank y’all for reading this and good luck !
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.