14.10.2020
The ascending H8 level pattern is truncated, the internal H4 level pattern is also truncated. A reversal wave model is likely to form. A bearish divergence has formed on Awesome Oscillator and on the bull strength indicator.
NZDUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when the descending wave pattern is formed below 0.6631.
A Stop Loss of 0.6672.
Target levels: 0.6580; 0.6521.
If the local maximum is broken, rebuild the inclined channel according to the new ascending pattern and rebuild the trading plan according to the new markup.
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