Talking Points:
- NZDUSD Technical Strategy: Bullish
- Elliottwave Count: We are in wave C
Our view on NZDUSD is still on bullish side. Current price action is suggesting another good long opportunity. We had a long last month, and earned handsome profit out of current move. We booked our profit due to year end book settlement process, but still prefer to be on this trade (possibly re-entering on good levels).
As per elliottwave view, we are expecting this pair is in the process of wave C and can be target 7060, 7150 area. Pair was retraced on 200 daily SMA and trading below on middle channel. Current price suggest another leg down towards 6800 area and can see buyer at that level. To look for possible trade entry, stay tune on "Trade Signal" section.
Few charts from our weekend's "Technical Analysis" Section.
How to TRADE your analysis?
I agree on your question, All technical or fundamental analysis's ultimate objective to enter into a trade and book profit out of it to earn money. To do so, we need to keep hand on gun trigger and pull trigger when we see good risk:reward. We already have our trade plan and published to our clients under "Trade Signal" page. We see nice long term opportunity here in next coming months. Try to see how we trade and how you gain from our work, then please join us 14-Days Trial or Buy Trade Signal package.
