OANDA:NZDUSD   New Zealand Dollar / U.S. Dollar
Possible triangle - like we got on audusd not long back -- just an idea not a trade set up

any correction is possible - my first thought was a flat but is looking less likely now -- lets see how it plays out
Comment:

so the triangle idea worked well -- a measured move of the widest part of the triangle would take us close to 1.25

or just trail SL / take off some of the trade etc whatever strategy you follow
Comment:

Hit the measured move nicely and also the 1.236 fib (weekly)
If looking to short wait for 3 wave move back
If looking to buy wait for the bigger correction to complete
Lets see what unfolds
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.