Wave count shows the completion of wave iv correction. The ii-iv channel line sets resistance, while further downside PA of present impulse wave would confirm it.
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Elliott Wave for optimum entry, exit and risk management of trades
Hi everybody,
I'm very new on forex and currently have traded on this pair for a month. I'm quite wondering what is the reason behind the price gap open higher after the positive news for NZD was released. So any thought?
Thank you.
FxLearner69
hey hope you didn't get sucked in too much, I am sure retrace will occur rather sooner than later looks like spike due to profit taking or manipulation by the big boys to clear some stops....just thinking..
looking to load more shorts if 1.58 is not broken cleanly, target 1.545 area of previous resistance to the downside. Swaps on NZD are +ve so happy to keep a few short trades
EURNZD decisively breaks below a short-term ascending trend-channel. The pair now seems vulnerable to immediate drop towards 1.5700 horizontal support mark.