FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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2
Hard to believe what everything happened in the stock market today just during 30 pips in NZD/USD down and some 30 pips up. Considering we may well be reaching an important midterm top tomorrow by 0.8855 and then dip some 350 pips lower I am just wondering how equities will behave during this time. In every case Crude has broken already down, so it all may be quite funny, but mailny quick! If you look on the daily chart from yesterday (attached) I still believe we are not complely done: in other words I am expecting quick move down to 0,85 until mide august and then a way up to 0,91/0,92...
I will short this pair tomorrow.

Comments

Hi sinu, is it stil valid? Wil it be go all the way to 0.886?
Reply
Sinuhet Sam0101
It is till valid. We are just working on a triangle as wave 4... I sold my longs this morning and renter end long an hour ago. My stop is 879 still targetting. 0.8885
Reply
Sam0101 Sinuhet
ooo u place stop loss at 0.879?
Reply
Sinuhet Sam0101
Yes. If we go lower I will be stopped out and triangle as wave 4 invalidated
Reply
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