An advantage of using long term EW analysis.
EURNZD example:
Identifying the low of April 2015 as completion of major wave 2 correction near 61.82% retracement of wave 1.
Now setting up for long-term longs on a 3rd wave [3] advance towards 1.6182 Fib extension of [1].
This tends to resolve the common problems of having too many alternative wave counts, and concentrate on trading the actual wave in concern.
EURNZD example:
Identifying the low of April 2015 as completion of major wave 2 correction near 61.82% retracement of wave 1.
Now setting up for long-term longs on a 3rd wave [3] advance towards 1.6182 Fib extension of [1].
This tends to resolve the common problems of having too many alternative wave counts, and concentrate on trading the actual wave in concern.
Elliott Wave for optimum entry, exit and risk management of trades
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