NZDUSD, Solid Descending-Wedge-Breakout, Upside-Targets!

Hello Traders Investors And Community,

Welcome to this analysis about NZDUSD, we are looking at the 4-hour timeframe perspectives. NZDUSD in the last times as I discovered has formed some interesting formational structures that can be the origin for further potentials and increased volatility. As when looking at my chart we can watch there how NZDUSD is firstly in this major ascending-channel-formation in which it established this wave-count to the upside and in this wave-count recently completed the wave B with this descending-wedge-formation bullishly to the upside with great volatility, this completed the wedge and is the main origin for further volatilities likely to come up in the next times. It is possible that NZDUSD bounces in the blue area which will be the appropriate further confirmation and after that the activated targets will be approached mainly within the 0.173 level from where the situation needs to be elevated anew, it will be an interesting development.

In this manner, thank you for watching my analysis NZDUSD and the descending-wedge-breakout as the origin for upside-targets and upcoming volatilities, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
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Information provided is only educational and should not be used to take action in the markets.

Comment:

ANALYSIS UPDATE: NZDUSD greatly completed the major descending triangle breakout to finalize the wave count extension.

NZDUSD after completing the major descending triangle formation extended the wave count into the final target zones.