Good evening all,
NZDUSD is about to skyrocket in sync with Gold. I suspect (but cannot explain this technically) that the entire decline from 0.77 to 0.65 will be retraced. The decline was very "out-of-structure", very disconnected in shape from the impulse that got us to 0.77 from above. In addition to this, the bespoken decline in a three-wave move, and those are fully or substantially retraced. We now have the pleasure to contemplate the market's growing desire to advance higher, so I suggest we catch this opportunity.
I'm long NZDUSD, SL below 0.6548.
NZDUSD is about to skyrocket in sync with Gold. I suspect (but cannot explain this technically) that the entire decline from 0.77 to 0.65 will be retraced. The decline was very "out-of-structure", very disconnected in shape from the impulse that got us to 0.77 from above. In addition to this, the bespoken decline in a three-wave move, and those are fully or substantially retraced. We now have the pleasure to contemplate the market's growing desire to advance higher, so I suggest we catch this opportunity.
I'm long NZDUSD, SL below 0.6548.