NZD/CAD Short Entry order below correction for continuation trade
16/20 pips stop loss
retest of wick target for 9.7% profit potential
Impusles
Elliot Waves : Impulse Wave : 3rd wave constructionEURUSD is going to breakout next too the triangle pattern to start a new bullish impulse wave, EUR is in inflation so I think he can't stay so low, share me your opignons everthing is good to read
EURUSD Trading In A Temporary Correction; More Weakness In ViewEURUSD made a strong and sharp reversal away from 1.1295 level where we labeled top for a higher degree wave C. As such recent break lower could suggest that bulls are completed and that bears are taking over. If that is the case, then even more weakness may unfold on the pair. On that note, we see current intra-day activity as an unfolding corrective move, that can find its resistance and a potential turning point lower around the area of the previous wave 4 at 1.1228 and near the Fibonacci ratios of 38.2/61.8.
A five wave fall will later suggest that recovery is completed and more weakness is in play.
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Great Opportunity To Short NZDUSDCurrently I am waiting for price to reach the upper trendline. When price reaches there watch for a clear sign of reversal. Expect an impulse. Catch the wave and ride it. Cheers and good luck fellow traders
