Friday, February 3, 2017

2_3 NZDUSD

OK after two (was actually three) areas of accumulation-- those nice cup and handles-- we have had the grinding and unforgiving upside wave 3  looks like the smaller tf shows a wave 4 (weekly trend has been solid up and no distribution signs. look for a wave 5 up into early next week maybe up til the Wednesday news?   invalidation is .7245

I'll throw the USDJPY chart as well->