pejman_zwin

NZDUSD was in a Bull Trap after breaking the 🔴resistance zone🔴

Short
FX:NZDUSD   Dollaro neozelandese / Dollaro
It seems that NZDUSD will not succeed in breaking the 🔴resistance zone($0.6250-$0.606)🔴, and this failure plays the role of a fake break or bull trap.

If we look at NZDUSD from the theory of Elliott waves, NZDUSD is moving in a descending channel, which can complete the correction structure ABC, which is zigzag(5-3-5); I expect wave C of the correction structure to finish in 🟡Price Reversal Zone(PRZ)🟡.

🔅New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame ⏰.

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