Nzd.usd

[dumbass]

the nzd has posted a steep decline from 88 to 80 but this is only the first decline (wave A) of a 3 wave correction.
the price has grinded higher in a complex correction from 80 to just shy of 86 (wave B) and now it looks like its about to roll over in a wave C
target is around 77.80 , break of lower trendline should confirm a sharp fall.

WOW, i cannot believe this has happened in a couple of weeks ,i thought this would be a multi MONTH target,



all shorts closed for a mega pipper. i will take stock of action over the weekend and see where we are off to from here.

[Toulouse - Luzern]

Hi DA,
I also cashed out of NZDUSD about 11.00am this morning.
Thanks for your posts and charts - appreciated.

[dumbass]

my pleasure , happy to have a look at any currency you like.

couldn't resist a long form 78 stop 7740 .

[roddy]

Hi DA
great trading and yes agree thanks for posting,i have been out all day so i am still in the trade,but will keep an eye on it now

cheers
roddy

[Toulouse - Luzern]

Hi DA, Roddy,
I shorted NZDUSD on CMC FX at .7835 when I was late reading your earlier post for a long at .78.
Pulled a few pips and out now.
thks & rgds

[dumbass]

hi guys , i feel when a big target is hit it pays to reflect a little before deciding on the next major trend.

just scalping around at the moment stopped out + 50, i do feel 77.60 is an important level and wouldn,t expect it to

break easily.

[dumbass]

The nzd doing what it does best!

large broad trends and volatile swings within the main trend.

kiwi got its ass kicked as the world sold risk and amid the backdrop of a trend change for the USD.

short term price action may hint at a small rally.

indicators diverging and with a completed count suggest a move back to 79 region.

can either use this as an opportunity to set up a short or if you have the fortitude a long from here.




main trend still down with ultimate target 71.20 region

[Toulouse - Luzern]

Thanks DA.
Your charts give me the idea.
I tried to go long befor lunch with the NZDUSD at .7728 but as it had already moved up I cancelled and shorted EURUSD instead a few times for a few pips.
Later in the day picked up a few pips of NZDUSD long after some pull backs.
Overall up about 40 pips for the day.

Thaks & rgds

[dumbass]

hi toulouse , looks like nzd is ready to run higher , impulsive pattern printing on 1 minute charts

2 long positions on +60 & + 30 .

still looking quite a bt higher

[Toulouse - Luzern]

I see what you mean and on 5m chart and 15m also ...