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Euro / New Zealand Dollar
Long
Updated

EURNZD Short

62
I think it's correcting for the 5th wave down. Can grab more than 200 pips if we make the right entry.
Note
It's going as expected. Good time now to sell at 1.6600 to bucket more pips.
Note
snapshot
Note
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
Note
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.
karan_kapoor_
elliotwaveanalysiselliotwavestrategyEURNZDeurnzdshortfirstchartfirstideanewbieWave Analysis

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elliotwaveanalysiselliotwavestrategyEURNZDeurnzdshortfirstchartfirstideanewbieWave Analysis
karan_kapoor_

Disclaimer

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.