The NZDUSD is showing a stronger downside potential for 4 main reasons
-Daily Supply zone being respected
-Elliot wave ending diagonal pattern 5th wave has competed on 4 hour chart
-MACD 4 hour divergence is heavy
-A weekly 78.6 Fib suggests a corrective down move is immenent
3:1 RISK REWARD HERE
-Daily Supply zone being respected
-Elliot wave ending diagonal pattern 5th wave has competed on 4 hour chart
-MACD 4 hour divergence is heavy
-A weekly 78.6 Fib suggests a corrective down move is immenent
3:1 RISK REWARD HERE
