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johnmad
Dec 27, 2015 5:52 PM

NZDUSD  

New Zealand Dollar/U.S. DollarFXCM

Description

I have marked the Elliott Wave that projects a 2.618 Fib to approximately 0.6887 , this could very east go as far as a Double Top and even higher as to take out all the traders Stops who are all ready Short , i will put this on my watch list and watch for better Risk Reward for a Short .

However , This Pair is still very Bullish on the Daily and Weekly , if i get a new High on the Daily candle my Short prospect will go out the window and i will Buy and follow the Trend

Comment

So close to my estimated Sell , will be taking action soon
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