EURNZD - Watch This Move!
EURNZD is currently in a major ABC (probably parallel) ascending correction.
We've completed waves A and B. We are now in Wave C = 5 waves. We've almost completed wave 1. The next move is the wave 2 lower.
Trade Idea:
- Watch for the red trendline to break to confirm wave 2 has started
- Enter with stops above wave 1
- Target 1.64 (400pips) but slowly taper positions off as we're moving lower
Goodluck and as always, trade safe!
We've completed waves A and B. We are now in Wave C = 5 waves. We've almost completed wave 1. The next move is the wave 2 lower.
Trade Idea:
- Watch for the red trendline to break to confirm wave 2 has started
- Enter with stops above wave 1
- Target 1.64 (400pips) but slowly taper positions off as we're moving lower
Goodluck and as always, trade safe!
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Penafian
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