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AndyM
Aug 19, 2015 7:31 PM

Time to long NZDUSD Long

New Zealand Dollar/U.S. DollarFXCM

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Good evening all,

NZDUSD is about to skyrocket in sync with Gold. I suspect (but cannot explain this technically) that the entire decline from 0.77 to 0.65 will be retraced. The decline was very "out-of-structure", very disconnected in shape from the impulse that got us to 0.77 from above. In addition to this, the bespoken decline in a three-wave move, and those are fully or substantially retraced. We now have the pleasure to contemplate the market's growing desire to advance higher, so I suggest we catch this opportunity.

I'm long NZDUSD, SL below 0.6548.
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