NZD/USD Trading Analysis (08/04/2024)

The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. The entry point at the pullback B and at truncated C is forming. The upward wave structure is truncated.

Trading idea:

Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated wave structure.

Stop-Loss at 0.6020.

Target price levels at 0.59850 and 0.59616.

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