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Hello Forex Fans!

Well, it looks as if the trade last night turned on me for sure. That’s one reason I seldom trade the Yen pairs.
While I was washing egg off my face, I was peeking at the charts. NZD/USD seems to be on its A leg off an elliot wave. To me this pair is almost as bad as the yen pairs, but I can’t deny what’s right in front of my face. All the MA’s point down as well as the RSI, and its now trying to break through the 61 fib line. The next major resistance is at the 38 fib line. So Im calling it as I see it tonight folks.

NZD/USD short at .7755 TP1 set at .7725 TP2 set at .7695 SL at .7780 When u get to plus 10, move your SL to break even.

Good Luck!

Humpty

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