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NZDUSD Ready To Jump Now?

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    In our previous analysis on NZDUSD, titled “A Disappointing Week Ahead For NZDUSD?”, we shared our bearish view of the pair, saying that “buying NZDUSD now is the exact opposite to the right decision”. We thought so, because there was a clear five-wave impulse on the 4-hour chart. And, according to the Elliott Wave Principle, every impulse is followed by a three-wave correction in the opposite direction . See the chart below, if you need a reminder. As visible, while NZDUSD was trading near

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