Good ~200-300 pip long setup The pair is looking to stay range-bound within this wedge Would look for consolidation at 1.63 level before taking long position Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally Here's a daily chart showing the wedge
Target is 100 - 130 pips from current price ONLY IF it bounces from 1.62000 - 1.63000 support level.
This is just my wave count and the forecast. This is just the expected wave pattern and the future price points shown in the chart has no significance. Please comment on the chart if you are an EW and have a different count than this. Thanks
On the EUR.NZD 15min chart we have a potential long opportunity at the D leg completion of a Gartley Pattern The price reversal zone on this pair is between 1.676 & 1.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Gartley Pattern placed at the .382% and .618% retracement...
On the EUR/NZD 4h chart we have a potential long opportunity at the D leg completion of a Cypher Pattern. The price reversal zone on this pair is between 1.5978 & 1.5787 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of...
Idea is based on Elliott wave theory. The chart contains the rationale and target/stop loss. Good luck
Nothing complex about this trade. There is previous support which meets the 0.382 Fib level. Decent risk/reward ration which obeys my trading plan, stops just below structure lows and targets just below structure highs.