eurnzd pattern, 1 more bounce before 1 final impulse wave down

17 thg 10, 2018

Price seems to have hit a confluence of support. Price's expected path shown above.
eurnzd is oversold on the 4hr.

Note that nzd is weak due to an ongoing trade war. Near term rally is due to strong gdp data but i don't think this is permanent.
Also, eur data in 30min, so i will wait till volatility is over.

18 thg 10, 2018

Ghi chú

1.747 is the next support. As of this comment price is at the 1.75135 mark, a fib support. I don't think it'll hold though