WXY
NZDUSD analysis, identified that we were in a WXY wave for wave 2.
We are currently in wave Y, which is a 3 wave move. We've seen wave A and now we're in wave B. We are showing some signs of rejection at the fib level.
Trade Idea:
- Watch for rejection of fib level
- Use confirmation on lower timeframe such as trendline break or BOS
- Enter with stops above wave B or safer stops above invalidation
- Targets: 0.6 (250pips), 0.58 (450pips)
We are currently in wave Y, which is a 3 wave move. We've seen wave A and now we're in wave B. We are showing some signs of rejection at the fib level.
Trade Idea:
- Watch for rejection of fib level
- Use confirmation on lower timeframe such as trendline break or BOS
- Enter with stops above wave B or safer stops above invalidation
- Targets: 0.6 (250pips), 0.58 (450pips)
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.