NZDUSD was in a Bull Trap after breaking the ðīresistance zoneðī
FX:NZDUSD
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It seems that NZDUSD will not succeed in breaking the ðīresistance zone($0.6250-$0.606)ðī, 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 ðĄPrice Reversal Zone(PRZ)ðĄ.
ð New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame â°.
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 â ' like'â button ðð & 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 ðĄPrice Reversal Zone(PRZ)ðĄ.
ð New Zealand Dollar/U.S.Dollar Analyze ( NZDUSD ), Daily Time frame â°.
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 â ' like'â button ðð & Share it with your friends; thanks, and Trade safe.
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