GBPNZD - Near reversal zone - Short with >1500pips potential!!!

We've been in this slight upside move since December now and it's nearing its termination point.

So, start taking profits on your long and be on the lookout around the 1.98 - 1.99 zone for a potential reversal.

A good confirmation of that reversal would be a sharp decline in 5 waves outside the channel line.
I recommend waiting for that first before opening any short positions!

This count gets invalidated if price makes a new high above 2.1

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If you want to know exactly how to manage this trade and have access to all the others I take, you can join my paid group for 30€/month.

Since starting my paid program, for 2months now, we have been able to make around +1000pips per month with my subscribers with currently
15 winners, 4 break-evens and only 4 losses (3 with half lot size!!!)
with an average of only -65,38pips on losers but more than twice as much, with an average of +146,68pips, on winners!

Note

If you have any questions, reach out to me through
comments, chat or my Telegram t.me/em16trading

Note

Price already dropped 500pips!
A correction higher would not be surprising now.

ElliottWaveBelgium

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ElliottWaveBelgium

Don't forget to like, share and follow !

Questions? Chat or Comment on Ideas
Don't forget my public Telegram channel -
t.me/em16public

Thanks !

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