GWaves
Short

$NZDUSD | Monthly GEO Formation | Bears In Control

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hello Traders,

$NZDUSD created a Geo' back in July of 2011 and has since reacted accordingly. Since 5' (prime) was the point at which price started to reverse, I'd look for Geo's Off-Set Rule #2 as the highest probability target for this pair.

Also, take note of the internal Wolfe Wave in the dashed lines.

Overall, this chart is telling me that Bears will be in control for some time to come.

Best,
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