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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.