NZDUSD Long Trade Setup
Hello Traders
As far as I can see, the last top was the end of the upward movement, and in this case, the drop after that should be the reversal impulse. We have a complete correction now. That's why it can be a good idea to wait for a small correction and place a pending order. My expectation is a pretty big correction for more upside, and my target will be the A wave inside that correction. 0.62300, which is 0.382 retracement of the upward movement can be a good place to book profit.
Trade with care.
Bulent
As far as I can see, the last top was the end of the upward movement, and in this case, the drop after that should be the reversal impulse. We have a complete correction now. That's why it can be a good idea to wait for a small correction and place a pending order. My expectation is a pretty big correction for more upside, and my target will be the A wave inside that correction. 0.62300, which is 0.382 retracement of the upward movement can be a good place to book profit.
Trade with care.
Bulent
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