EURNZD: Preparing for a larger descent

15 mai

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!

16 mai

Note

EURNZD has done +95pips since this analysis was shared.

22 mai

Note

EURNZD has done +193Pips since this analysis was shared.

22 mai

Note

Both harmonic and Elliott wave analysis idea of this pair show perfect confluence.

28 mai

Note

EURNZD has now done +209pips in the projected direction.

30 mai

Note

Update of EURNZD analysis.

5 juin

Note

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


Cheers!

10 juin

Note

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

18 juin

Trade fermée: cible de profit atteinte

17 oct.

Trade fermée: cible de profit atteinte

Done