RBNZ monetary policy statement impact has completed the pattern we have expected earlier. Currently we are anticpating a wave down to complete a 3 wave correction. This wave can happen anytime now. It may be impulsive or corrective in nature. The medium term is short with a TP of about 200 - 250 pips and SL of 100 - 150 pips. Expected duration of the trade is 30 days. Aggresive entry is at the current price now. It carries a higher degree of risk which is not suitable for most of the traders unless you know how to manage it. This idea will be updated daily.
Comment:
Comment:
Probably we could expect a 3 wave correction before we move any further
Trade closed: target reached