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Euro / New Zealand Dollar
Long

EURNZD Short

By karan_kapoor_
Updated
I think it's correcting for the 5th wave down. Can grab more than 200 pips if we make the right entry.
Comment
It's going as expected. Good time now to sell at 1.6600 to bucket more pips.
Comment
snapshot
Comment
I shorted at 1.6600 (first position) and then shorted at 1.6625 (second position).

Planning to close the positions at 1.6530 as we can expect another wave up to complete ABC pattern before an impulse down to the 1.6330 level.

snapshot
Comment
Closed the trade for now (reached 1.6530) as there is a chance of it making C wave up considering the B wave was not impulsive.
elliotwaveanalysiselliotwavestrategyEURNZDeurnzdshortfirstchartfirstideanewbieWave Analysis

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