Samuel124

EURNZD: Preparing for a larger descent

Short
Samuel124 Aktualisiert   
FX:EURNZD   Euro / Neuseeländischer Dollar
Hello Traders,

We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook. As such I expect EURNZD to continue the downward movement.

However, if the price goes above 1.81557, my analysis of a drop will be invalid.

Cheers and happy trading!
Kommentar:
EURNZD has done +95pips since this analysis was shared.
Kommentar:
EURNZD has done +193Pips since this analysis was shared.
Kommentar:
Both harmonic and Elliott wave analysis idea of this pair show perfect confluence.
Kommentar:
EURNZD has now done +209pips in the projected direction.
Kommentar:
Update of EURNZD analysis.

Kommentar:
UPDATE: EURNZD has done +340 pips since this trade idea was shared.
I hope everyone profited from this trade idea.

Cheers!
Kommentar:
UPDATE: EURNZD delivering as anticipated. About +360pips done.

Trade geschlossen: Ziel wurde erreicht

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