FX:NZDUSD   New Zealand Dollar/U.S. Dollar
32 0 4
NZDUSD             ANALYSIS

COULD THIS BE THE START OF CORRECTIVE WAVE A ?

OR COULD THIS BE PART OF CORRECTION WITHIN WAVE 1 ON INTERMEDIATE PERIOD?

NOTE: EMA LINES STILL SHOW UPTREND CONFIRMATION, THEREFORE AT THE MOMENT THIS SEEMS MORE LIKE PART OF WAVE 1 INTERMEDIATE.

ADDITIONALLY MACD SHOWS ONLY 1 WAVE COMPLETED IN THE UPTREND WHICH INDICATES MORE POSSIBLE UPTREND MOVEMENT?

WE SHALL SEE !
Trade closed: target reached: Wave A target reached, profit taken. Thank you NZDUSD :D
Trade active: Wave B trade now active
Trade closed: target reached: Wave B target reached, profit taken. Thank you NZDUSD :D

Now I shall wait for Wave C setup/confirmation and trade if appropriate.
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