EURNZD Expecting a bounce once it completed the wave b) or X) below 1.66
#OPINIONLEADER# #forexmarket# #ElliottWaves# #EUR/NZD#
MARKET COMMENTARY:
1. As I expected previous either this could be a bearish if it is a intermediate wave X)(RED) as a triangle...
2. If not it wont break the wave "b" 1.6694 and will shoot for the target 1.7400 either 3 or 5 waves...
3. So now we are in the wave C0 of X) or b)(blue)to complete below 1.66 to complete the structure.
4. Invalidation for this is pattern is 1.6322 for the same Target 1.74 as a first and then it will move to 1.8 too...
5. Same kind of structure recently made in COPPER and have an look i shared here....intermediate wave is a triangle and then it shoot for C) wave...so it will do same structure here too...
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't 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
Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.
FOLLOWME Trading Community Website: https://www.followme.com
Hot
No comment on record. Start new comment.