FX:NZDUSD   New Zealand Dollar/U.S. Dollar
344 7 12
Addendum to my daily NZDUSD             short idea.
EW background suggests wave 2 completion is near...I'll be watching for a short entry.
1.618 of wave 1 matches my time at mode target but it could overshoot and hit lower levels if the RBNZ supports my view and continues aiming for a cheaper NZD.
Tim West's rgmov indicator marks a high that hasn't been breached yet, I'd keep an eye on that one too...
I'll update with my short entry.
Trade closed: target reached
If you scroll down, you will see I didn't place the 4 and 5th wave letters correctly...disregard those.
I'm more concerned with wave 3 now. :)
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Cover half at target 1 and let the rest ride...

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Nice entry, 78 pip stop.
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See the DXY idea to time momentum in this pair and my other USD pair ideas.
Also, now is a good time to scale in:
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Moved stops to BE after covering 70%. I had scaled in at 0.7647 after selling at 0.7653.
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Working as expected, yet the decline looks rather complex.
Market waiting for Yellen's speech today?
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This fall looks too corrective, watching for now.
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