NZDUSD about to complete a combination corrective structure ( double three = zigzag (w) + flat (x) + triangle (y) ) .
The 4th wave should not enter into the price zone of wave 1, so price must stay below .7660 for this idea to be valid.
The short entry is following breakout of the triangle to the downside and retesting of the trendline.
The target will be an impulsive move to the lower trendline support.
The 4th wave should not enter into the price zone of wave 1, so price must stay below .7660 for this idea to be valid.
The short entry is following breakout of the triangle to the downside and retesting of the trendline.
The target will be an impulsive move to the lower trendline support.
