this is 240 min view of NZDUSD.
its in the complex correction.
it seems that correction is about to end.
I will look for a sell setup on lower time frames.
its in the complex correction.
it seems that correction is about to end.
I will look for a sell setup on lower time frames.
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daily view
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price made a 3 wave structure and reversed to upside; there is likely one more wave to upside as WXYXZ corrective structure.
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waiting for one more corrective structure to upside. those blue arrows behave corrective, so I anticipate one more wave to upside. If it breaks to downside i will wait until i see a nice correction and then i will decide for short setup.
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since price breaks the trendline to downside and started the correction, I re-label my chart.
Now there are 2 scenarios, I have 2 different strategies for both of them
Now there are 2 scenarios, I have 2 different strategies for both of them
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