NZDUSD - Bullish count prefered - Good R/R

Possible counts:

* Impulse : Price is making wave 4, wich can not go below 0.6612 and should not go outside the channel
Once it's complete, price should go higher for a last wave 5.

* Zigzag : Wave C ended, so price will go down below 0.6612

*** Trade Setup

* Entry : Pending @ 0.382 Fib Retracement
* Stop : 1pip below wave 1 high
* Target : 0.683 to 0.687
Look for divergence to form near the end of wave 5.

评论:

Wave b nearly in place (?), one last small push lower before buying.

评论:

wave b retraced 78.6% of a
The subwaves of b, wave ((c)) is at the 1.618 Extension.
both those levels are at 0.679x, with 8pips difference.

So, I'm confident we will see price fall for a last wave c now towards 0.6686. (~100pips)
Therefore, you can short this now if you like

Short Trade Setup :
Entry : market price 0.6796
Stop : 0.6824
Target : 0.6686