WolfofElCerrito
Long

10/11/16 - NZD/USD - LONG SETUP

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
Identify

- Price action already showing bullish direction
- Pair has hit 0.786 fib retracement of 1-2 Inpulse leg
- NZD has still maintained a bullish bias

Predict
- 0.382 / 0.618 confluence of both impulse and corrective legs
- Possible ABC pattern forming
- Bears need to take a breath and enjoy some profits
- After huge USD strength, time for a retrace!

Decide
- Good R/R
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