It seems that NZDUSD will not succeed in breaking the ๐ดresistance zone($0.6250-$0.606)๐ด, 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 ๐กPrice Reversal Zone(PRZ)๐ก.
๐ New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
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 ๐กPrice Reversal Zone(PRZ)๐ก.
๐ New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame โฐ.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the โ ' like'โ button ๐๐ & Share it with your friends; thanks, and Trade safe.
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
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๐Please follow us on Telegram for more analysis.๐ t.me/ProTrader_365
๐Get a 20% Discount on your trading FEE on Bingx: shorturl.at/cfhE3