25/06 – NZDUSD Alternative view coming into play

Hello! Another post on an NZD pair.

My last idea on Tradingview suggested a correction was underway, but the market continued higher and proved me wrong.

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<p><a href=”https://www.tradingview.com/v/xOL54raD/”>Bearish bat in the making</a> by <a href=”https://www.tradingview.com/u/traderWgun/”>traderWgun</a> on <a href=”https://www.tradingview.com/”>TradingView.com</a></p>
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I still beilive that a bearish turn is just around the coner.

It seems like we are in the final and fifth wave to the upside. If we compare wave 1 with wave 5, we can see that the market has already reached wave 5=wave 1. Next targets for wave 5 are .8790 and .8825.

If we look at the weekly count you will see why I hold a bearish long term view. We are probably within a complex wave B in a flat, so we could exceed the .8847 high before lower.
Alternative we have already completed a flat and are now doing an impulse.

Anyway, we should at least see a correction if we look at the short term.

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