Euro / Dolar New ZealandPanjang
eurnzd - looking for wave 3
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Price appears to have made a 5 wave impulse for 1, and appears corrective for 2 now. If it can establish a low in the 1.49/1.48 area, there is enormous upside potential. Price appears to have already broken the long ending diagonal.
Nota
If this maintains the bullish slant, I'll revert to the original idea that the second wave flat finished with a slight truncation at 1.5005, and we're now entering wave iii of 1 of 3.Nota
Here's the long-term view of eur/nzd. It's going to be a long move upNota
looking for long reaction on the next low, 50 - 61.8% correction of the advanceNota
That's 5 down for c of C with div on the 1h. Let's see it work now.Nota
I caught the reaction up but it did not last for very long. I could work it as wave 4 of C, so we'll see how price reacts at the 61.8% just belowNota
out of an ED at 61.8%, could be in w3 nowNota
possible ED hereNota
looks like the ED is done and buys should come in with the ECB tomorrowNota
any small correction on this is a buy. From the low it looks like 3 up so far, though possibly 5. I will watch for a buy on a retest of the broken channel lineNota
5 up from the low
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