EURNZD finishing a daily consolidation, then buy!
I only posted once a EURNZD chart but I believe that this pair will give us some nice trading opportunities in the near future.
I'm looking for an ABC correction with wave C currently in progress. We are testing the low for what I counted to be the low for wave A. For the support/resistance traders; we either see a bounce (probably short lived) or a break, in either case this will result in a consolidation above or below the non-horizontal trend line. I will be looking for the end of the consolidation and use this support/resistance in my favor by trading the next move based on structure. In terms of wave count I expect this consolidation around the low for wave A to be a wave 4 of wave C.
Updates will follow.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
I'm looking for an ABC correction with wave C currently in progress. We are testing the low for what I counted to be the low for wave A. For the support/resistance traders; we either see a bounce (probably short lived) or a break, in either case this will result in a consolidation above or below the non-horizontal trend line. I will be looking for the end of the consolidation and use this support/resistance in my favor by trading the next move based on structure. In terms of wave count I expect this consolidation around the low for wave A to be a wave 4 of wave C.
Updates will follow.
timstuyts.com
facebook.com/timstuyts
youtube.com/watch?v=HvmWTm4fcl8
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.