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glennmercer

EURNZD Wave Count: Long Opportunity Coming

Long
Euro / New Zealand Dollar (FX:EURNZD)  
glennmercer Updated   
FX:EURNZD   Euro / New Zealand Dollar
EURNZD euro kiwi wavecount Elliott Wave glennmercer gmercerfx
18
6
eurnzd euro kiwi wavecount elliottwaves glennmercer gmercerfx
Hey traders! EURNZD is in the midst of a short term abc zig-zag correction and is nearing a level of potential reversal. I have a tight stop semi-conservatively beyond the pinbar support and invalidation level adding to the probability of success. If price drops below pinbar, we have to recount and reconsider our long position. More updates to come!
Trade active:
Trade is active and order is filled!
snapshot
Comment:
Nice bounce! Stop moved to B/E after a gain of about 50 pips:

snapshot

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