EURNZD-Complex correction or triangle is going on...TP 1.74 only
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MARKETCOMMENTARY:
1. Huge consolidation is going on X) or b) after this breakout on BULL SIDE i am expecting a aggressive move to 1.74 for wave i) or a).
2. I am already in buy from the bottom and trading within the range twice and i am waiting to add @ the end of "g" wave approx@1.6850.(if it got extended for "g")
3. What i am adding will book @ 1.740 according to the wave formation after breakout of a
triangle as i shown here.
4. I am expected from the "e" it will shoot...but again it didnt break the previous high and fell
down in 3 waves...so i am expecting this could be a nine wave triangle.
5. IF INTERMEDIATE b) WAVE IS A TRIANGLE we will get a deeper correction to 1.6550 also but
my positional target is 1.74, 1.800. So STOP is only the low @ 1.6320.
DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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