NZDUSD: Wanna SELL? You Better Understand The BIG Picture!

8 thg 9, 2016

I'm publishing this idea because I hate to see anyone sell this without a full understanding of what is really going on. I personally would NOT sell this pair but if you insist on doing so, at least do it KNOWING that you are selling against the trend and that trend IS NOT DONE. You could be "catching the falling knife" here!

You see in my chart that it is in a wave C of a larger degree wave (c). And wave c's are the corrective equivalent of wave 3's. I would not go against an impulsive wave without CLEAR indication it is done. And here, that does not exist yet. Any move down would be just a temporary correction. Of course, you can try to trade the pullback but I'd rather wait and trade the next move up WITH the trend.

When the time is right, my members will be alerted to the proper trading opportunity. Right now, there is not one.