NZDUSD - NZD strength coming - Looking up to +0.71! >500pips !!

We are in wave C of a big ABC correction (look Daily chart below).

Price is now at 78.6% retracement level of wave (A),
100% projection of wave , i.e = , (very powerfull relationship!)

When looking at wave , we can see price sitting in a Fib cluster,
with a perfect touch of the 61.8% projection level(blue) of wave ((i)).

If managed correctly this move up can give more than 1000pips!


If continues lower and goes below 0.6480, the wave count gets invalidated.
But most certainly, a move below this Fib cluser is an early indication of that.

Kommentera:

Don't hesitate to like and share my ideas
Also, Subscribe to my FREE Telegram Channel for MANY more updates
t.me/em16public


If you have any questions, reach out to me through
comments, chat or my Telegram t.me/em16trading

Kommentera:

If you have any questions, reach out to me through
comments, chat or my (NEW) Telegram t.me/ewbelgium

Kommentera:

DXY is taking this pair down. Once this wave (c) ends, we'll have this pair start to rally.

Kommentera:

Price turned just a few pips before the count got invalidated and we got a sharp rise breaking outside the trend line.

Kommentera:

We got that wave C lower as expected. Now it's a matter of time before we see the reversal.

Kommentera:

Price went a bit sideways but now broke out nicely

Kommentera:

NZDUSD - Move Stop to 0.65250.