The NZDUSD just arrived at its at 0.668 which also completed the Fibonacci sequence.
It currently missing the momentum divergence and the price pattern is not really convincing either. At this point, we are waiting for a new and shorter wave which would very likely lead to a momentum divergence and also trap traders who shorted too early.
The NDZUSD is not a short yet but it's a pair we keep a close eye on. We discuss the 4 elements of a good reversal trade here: http://www.tradeciety.com/reversal-trading-advanced-trading-strategy/
The Kiwi is close to setting up a nice trade.
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