EURNZD one leg lower

2 thg 8, 2016

I think EURNZD is in need for one leg lower as shown on the daily time frame.
The 1 hour time frame shows a possible leading diagonal for wave 1 of wave 5.
If we see a correction I will look to sell

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3 thg 8, 2016

Ghi chú

Watch for break, the stop loss is based on the recent high of this structure so if we move slightly higher first, the stop loss should be slightly higher.

3 thg 8, 2016

Ghi chú

This 15 min time frame set-up doesn't look good enough to me anymore. I will monitor it but the recent price action decreased the probability of the sell trade. Updates will follow.

3 thg 8, 2016

Ghi chú