Get started
karan_kapoor_

EURNZD Short

Long
Euro / New Zealand Dollar (FX:EURNZD)  
karan_kapoor_ Updated   
FX:EURNZD   Euro / New Zealand Dollar
Wave Analysis elliotwaveanalysis elliotwavestrategy eurnzdshort EURNZD firstidea firstchart newbie
0
0
waveanalysis elliotwaveanalysis elliotwavestrategy eurnzdshort eurnzd firstidea firstchart newbie
I think it's correcting for the 5th wave down. Can grab more than 200 pips if we make the right entry.
Comment:
It's going as expected. Good time now to sell at 1.6600 to bucket more pips.
Comment:
Comment:
I shorted at 1.6600 (first position) and then shorted at 1.6625 (second position).

Planning to close the positions at 1.6530 as we can expect another wave up to complete ABC pattern before an impulse down to the 1.6330 level.

snapshot
Comment:
Closed the trade for now (reached 1.6530) as there is a chance of it making C wave up considering the B wave was not impulsive.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.