Carry trade from another angle

Maybe we could try finding some clues of the carry direction from the EURNZD and other NZD pairs.

From the attached EURNZD chart, I try counting the wave pattern so far, and the conclusion now we can have is that still some downward movement is on the run.

Let's us wait and see the power of waves.

Cheers.

AUDNZD is helpful in determining the cycle.


http://img.blog.163.com/photo/I4wyiv...5757817005.jpg

A full retracement?

The wind is still blowing to the south.

I love NZD pairs, they just keep going

In this aspect, CAD crosses are frightening competitors.

Cheers.

Time is more and more close.
On this EURCHF chart, a correction downward to beneath the 65xx zone (at least) is almost a certain event, and the drop will probably be a 5-wave.
Get on board after wave-2 would be a wise decision.

So far so good.

Patience with some wave knowledge, makes it possible to concentrate to the price only, no need to care too much about fundamentals.