EUR NZD long trade, possible Elliott Wave expanded flat

On Apr 30, price began to rise impulsively in 5 waves which I have labelled as larger wave A. Price has subsequently breached the starting point of this impulse but it has done so in 3 waves, labelled (a) (b) (c). Furthermore, waves (a) and (c) are almost equal, so this may be a zigzag correction. If my analysis is correct, price should move above the wave A high and form an expanded flat pattern. Potential target is

Yorum:

Potential target is 1.8275.