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YuzukiChan
May 6, 2015 11:41 PM

Exhaustion of the correction 

New Zealand Dollar/U.S. DollarFXCM

Description

The upward force has held sway throughout the correction, the correction which is about to exhaust its whole power.

RESULT:

1st trade: +30 pips
2nd trade: Stopped out with -10 pips
Total duration: 7 hours
Comments
YuzukiChan
Profits already taken at the b level. It seems the market wants to test the previous low again. The harmonic Gods point the North, but this time we may not see the previous high. An eye should be kept on how the wave is formed.
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