TradingView
AndyM
Mar 23, 2015 10:06 AM

NZDUSD good buy signal. EW markup. Long

NEW ZEALAND DOLLAR / U.S. DOLLARICE

Description

NZD has completed a leading diagonal which is now being followed by a brief correction. Since diagonals are always at the beginning of a bigger movement it is very likely that the upward movement will resume. What I like about leading diagonals is they are usually followed by a very shallow correction as most of the folks who wished to close their positions have been shaken out in the deep retracements of waves 2 and 4. So, NZDUSD is a buy to me.
More