NZDUSD: EW update
Updated
Addendum to my daily NZDUSD short idea.
EW background suggests wave 2 completion is near...I'll be watching for a short entry.
1.618 of wave 1 matches my time at mode target but it could overshoot and hit lower levels if the RBNZ supports my view and continues aiming for a cheaper NZD.
Tim West's rgmov indicator marks a high that hasn't been breached yet, I'd keep an eye on that one too...
I'll update with my short entry.
EW background suggests wave 2 completion is near...I'll be watching for a short entry.
1.618 of wave 1 matches my time at mode target but it could overshoot and hit lower levels if the RBNZ supports my view and continues aiming for a cheaper NZD.
Tim West's rgmov indicator marks a high that hasn't been breached yet, I'd keep an eye on that one too...
I'll update with my short entry.
Trade closed: target reached
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