NZDUSD - Watch For The Next Drop!

NZDUSD is currently in major wave 2, which appears to be a WXY wave. Wave W was a Flat correction and Wave X was a simple ABC correction. We are now in wave Y and expecting a 535 zigzag.

We are currently seeing the first 5 wave move lower and expecting a 3 wave pullback before seeing another 5 wave move lower.

Trade Idea:
- Watch for a 3 wave pullback (correction)
- Enter on break of the correction
- Price shouldn't go above the invalidation level = stoploss placement
- Targets: 0.61 (250pips), 0.596 (350pips)

See below for our last 2 NZDUSD analysis which played out really well!

Goodluck and as always, trade safe!