Friday, November 27, 2009

NZD/USD 4 Hour Bearish Counts


Here are several NZD/USD bearish counts. In the above chart a flat is playing out. If this count is correct price action will not exceed the previous top at 0.7635, but may come close forming a double top.


In my second chart above the corrective phase (wave 2) is already complete. If this chart is correct than price will soon fall off sharply in a wave 3 down. This is my favoured count and coincides with my AUD/USD chart which I will post up shortly.

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