EURNZD - A rising wedge after a fall: might be a 4th wave?
2 potential short entries:
1) sell limit at: 1.78598
2) sell stop at: 1.77426
> stop loss: 1.79112
> target profit: 1.72830
1) sell limit at: 1.78598
2) sell stop at: 1.77426
> stop loss: 1.79112
> target profit: 1.72830
Trade active
The sell stop was triggered instead the the sell stop still missed. Anyway The trade looks good after 3 days. We will exit with a part of positions on the TL touch (where most probably the price will bounce) and at the 1.13 ext then we will let it run a small part looking for the final TG.
Note
Note
Note
Note
4hr outlook: Note
updated 4hr view formation: Note
the ABCDE would be completed, lets see if starts the 5th wave, othervise we might be in something else structure (like an inverted H&S ?), in that case we have to exit from the trade taking a loss: Note
this is my expectaction: Note
outlook at 4hr in price line, the E wave after 4hr close looks good: 
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.
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.