EURNZD is in uptrend and currently have completed sub-wave 1 of wave 5 of higher degree. The question is the pullback for sub-wave 2 complete or still retracing lower? Given the wave structures looks like we might have a retrace lower to complete a complex correction wxy before we resume the bullish momentum. If we are correct we should expect price to find support around 78.6 fib retracement.
Lets monitor it for a possible long(This is not financial advise, always plan your trades and execute them at your own risk)
Lets monitor it for a possible long(This is not financial advise, always plan your trades and execute them at your own risk)
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.