Too late to update this setup because I was not in front of my PC, but I made an entry on my phone because of the alert. However, there will be another opportunity to scale in more position.
EURNZD finished wave 4 and ready to make a rally down to Wave 5.
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.
This is not a setup but this is a forecast based on Elliot Wave Analysis. Please keep in mind that no guarantee this is gonna work but it is what it is.
USDJPY has been in a long term correction, slowly but sure it creates sort of clearer movement so easier to catch it. I assume USDJPY is making an ending diagonal pattern in Weekly timeframe and its finishing...