Might be at Elliot Wave 4 Long

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Jul 22, 2015 3:31 PM

This is the simplest analysis I could do for this pair. There might be a corrective move up of 3 waves soon.
Wave 2 is a zigzag correction which means wave 4 will likely be a flat. (alternation principle)

I won't trade this because I prefer NZDJPY.