adamalafensh
Long

Elliot Wave analysis on NZDUSD 19/11/2016

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
37 0 0
This is a position trading setup :

Main Talking points:
- first bullish cycle at early stages.
-the pair at wave 2 (strong dollar in light of rate hikes by the fed - see futures on fed odds to hike rates up to the end of this year and ECB decision)
- we may say the pair pushed down further in the short term.

It is not recommended to set your stops tight in order to give the pair time to take its shape and talking off the level seen today.

Good luck lads,
any suggestions is more than welcome.
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