NZDUSD - Looks like it has started a bullish trend

2019年10月3日

When price breaks outside the base channel, it suggests an impulsive move is in play.
The two zones marked in orange often act as resistance and support for subwave (i) and (ii) of larger degree red ((iii) which is perfectly the case here.

Therefore, I'm expecting a continuation higher here to 6340 first followed by 6390.

Invalidation level is 6200.

2019年10月3日

註釋

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2019年10月8日

註釋

We have started wave ((V)) higher now it seems.

2019年10月9日

註釋

We're still in a sideways consolidation here.
It could be a triangle wave ((iv)) but could also be a wave B but because we had a nice impulsive rise before, I remain bullish this one.
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2019年10月16日

註釋

No clear pattern here but all this overlapping price action and the fact we didn't make a new suggests we could see this go higher