Analytics for NZD/USD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The downside wave structures are truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
Trading idea:
Sell at the formation of the ascending wave structure, when the (A) wave breaches the sloping channel of the descending wave structure
Stop-Loss: under the local minimum of the descending structure 0.6149