Looking to EURNZD, there is a good setup in this pair.
Based on EW, I would like to see the price getting higher to my "Area of Value" and I will go to lower timeframe to get into short opportunity.
We can call this intraday trade, in order to confirm my short bias of course I would love to see if the price makes a Lower Low in Daily TF before doing any pullback....
Big opportunity in this pair to go long as I assume Wave 4 has formed at fibo 23.6% and will be finishing Wave 5. My purpose here to see if this pair can make a Higher High in big Timeframe to go along with my bullish bias.
Simply based on Elliot Waves Analysis.
Thankyou and let's see how it goes.
BTC loves a triangle: EW analysis of BTCUSD pair reveals a candidate bullish contracting triangle. Currently, I have a sell target @ $9500 on approx. 27th March and a subsequent buy target @ $8000 on approx. 3rd April.