WaveRidr

NZDUSD Long.. I'm not missing another kiwi pullback

Long
FX_IDC:NZDUSD   New Zealand Dollar / U.S. Dollar
I missed an entry at the blue x having forecast the turning point from red w- x but had to cancel before execution when the wave pattern became too confused (see chart from last week) the price is close to the triggger area already having moved quickly in the Asian session. Their is always a risk factor and in this case it is the current dollar strength, yesterdays aborted USDJPY trade was hinting at strength and the call appears to be correct even if the trade did not work out as expected.

NZDUSD has a bullish incomplete sequence at higher degree and does have some catching up to do against the Aussie and the Cad so we feel relatively comfortable especially as the stop values are within more normal bounds ulike the current JPY set ups which have stops of 100+ meaning position size should be much saller than normal.

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