First of all, look at my previous idea on NZDUSD published on 08.08.2017.
At the moment, this is following exactly that pattern. I strongly recommend to observe today's and tomorrow's closes. Maybe even today's will be enough for a confirmation of reversal to the upside to form the right shoulder.
Now, I still recommend to stay cautious, as there is the 100 MA underneath that could be tested. That's why I recommend to see how this day will close.
As always, keep an eye on the price action!
At the moment, this is following exactly that pattern. I strongly recommend to observe today's and tomorrow's closes. Maybe even today's will be enough for a confirmation of reversal to the upside to form the right shoulder.
Now, I still recommend to stay cautious, as there is the 100 MA underneath that could be tested. That's why I recommend to see how this day will close.
As always, keep an eye on the price action!
