EURNZD
Short-term Bears on control. Long-term eventual Bulls ready to take control.
This can be the beggining of an impulse leg.
I do expect a retracement that can reach the 61.8% from wave 1, wave 3 as an extension of wave 1 (161% ext), followed by the wave 5=wave 1. (I keep searching for short opportunities, lower time frames)
Also one eventual Cypher in the middle, and in this case we will target the Support @1.504 forging point D, and completing the Pattern giving us a nice and friendly Risk/Reward eventual buy opportunitie.
CYPHER: (Long when/IF completed)
Point B:
38.2% to 61.8% XA
Point C:
127% to 141% ext XA
Point D:
78.6% XC
Target:
TP1 38.2% CD
TP2 61.8% CD
Safe Trades
