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WolfofElCerrito

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

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
WolfofElCerrito  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
NZDUSD LONG capitulation retracement Fibonacci Elliott Wave structure ABC Bearish Patterns forexsignals
3
0
nzdusd long capitulation retracement fibonacci elliottwaves structure abc bearish forexsignals
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
Empty your mind, be formless. Shapeless, like water.

Mentions

pipsalert
NZDUSD Buy! - D1 Analysis (1W + 1MO Trend Lines) + Trig
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