NZDUSD Bat Harmonic Opportunity (Early)

30 oct 2016

Usually i would wait for price to break pass the B point, but the overall set up is pretty nice going into next week. First we have a X-A-B rejection at the 50% level clean, then on the pull back price dips into a minor demand zone. In confluence, we have a .618 rejection off the A-B fib with a double bottom structure. Lastly, we have daily support @ .71360 and bullish trend line being respected. I'm looking for price to complete the break of the major counter trend line and begin its sub-wave count of the 3rd wave in the cycle.