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DylanMorgan

EURNZD Looking Bearish

Short
Euro / New Zealand Dollar (FX:EURNZD)  
DylanMorgan Updated   
FX:EURNZD   Euro / New Zealand Dollar
Chart Patterns FLAG impulses corrections wavetrading structure EUR NZD
4
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chartpattern flag impulses corrections wavetrading structure eur nzd
The EURNZD has formed the first impulse to the downside and the second wave is close to completed. I am expecting that price will fall impulsively as indicated in the chart. This idea is only valid if price contains itself within the corrective pattern at play, so watch the top as price nears it.
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snapshot
price gave us the reaction expected and now we are waiting for price to reach the to of the corrective pattern going short on this pair.
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