NZDUSD Short: Selling Kiwi Weakness - Elliott Wave
Updated
I see a series of ones and twos totaling five bearish impulses. I like a short where we move SL to breakeven at T1 and target lower levels where it is likely we will see a wave of upcoming fours and fives (expect choppiness). Cheers
Trade active
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Nice drop to start! More to come
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I'd like to take early profits in the highlighted area. There are many waves completing in that zone and I want to be conservative. Stay tuned!
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I decided to hold through the rally. Looks like multiple impulses still require fifth waves which means further downside is likely.
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The bearishness continues! More bearish impulses. Doubling short position here.
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