NZDUSD - Higher Highs - Higher Lows

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
This pair has been on the move up for a couple of days now, making steady progress with higher highs and higher lows.
Projecting this into the future could lead us to the scenario above.
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Maybe i'm wrong but it might be on the third eliot wave and going for .777 as the fifth.
+1 Reply
See, I don't trade Elliot Waves ... so don't know about it, but a chart from your side would be nice so I can see what you mean exactly.
One can never know enough :)
Kaz Nico.Muselle
Well, actually i have no idea if this really is eliot waves hehe :P . Can't find the copy button so i published the idea.
Probably too corrective to be an impulse up, maybe a zigzag correction.
EW is REALLY tricky...there are more practical ways to trade.
But maybe that's the case, hard to tell.
+1 Reply
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