TRADE UPDATE #2: NZDUSD BUY@0.65170

In the previous update, I suggested that there was a possible contracting triangle scenario that was possible. Here is that chart:

Prices have just recently broken up and through that possible triangle and invalidated that scenario. Making my other scenario the only one that applies. That prices are now in a wave 3 up. The price action supports this as well. Now we need to look to how far this wave (iii) of (3) will go before we see a wave (iv) retrace. In any case, this wave count supports a further move up in in store for this pair.