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NZDUSD: Bull Momentum Weakens - Watch For Sell

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Dollar New Zealand / Dollar AS (FX:NZDUSD)  
UnknownUnicorn5158708  
FX:NZDUSD   Dollar New Zealand / Dollar AS
Elliott Wave Wave Analysis Fibonacci elliotwaveanalysis elliotwaveprojection nzdusdanalysis nzdusdshort nzdusdsell sellsetup Ending Diagonal
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elliottwaves waveanalysis fibonacci elliotwaveanalysis elliotwaveprojection nzdusdanalysis nzdusdshort nzdusdsell sellsetup endingdiagonal
Hi Traders,

We have a textbook ending diagonal pattern currently in progress. This is a reversal pattern and is confirmed by the loss of bullish momentum as illustrated by the RSI and MACD. Wait for a bear impulse breakout from the structure before looking for any short trades.


Regards,
Wave Theorist
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