NZDUSD PROjections week of 8/19

NZDUSD

Two numbers: 25 and 3

Of the last 25 candles, only 3 can be considered definitively bullish. If you're playing averages, and assuming you're looking at this because you trade Forex you probably do, there's a high likelihood of a bullish candle printing any time. At the current support level and the 12% bull candles of the last 25, now is as good of a time as any. My long shot projection for this pair is for the bull candle to engulf the last 4 to 5 candles and enter the resistance zone all at once, before continuing downward to create new lows. Hopefully I at least hit some rim on this one.

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