Fxprotrader
Long

NZDUSD Five Wave Corrective Structure Completed

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD is still in a corrective structure having completed a five wave pattern. Price is heading up having broken a short term resistance level and having already retested it. I truly believe that price will reach the resistnace of the corrctive structure and it has a great chance to break it. I won't aim for profit targets above that resistance level though.

Stoploss and profit targets as shown at the chart. Having pocketed profit from the first trade we move stoploss to breakeven to the second one.

Like and comment if you agree,
John

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