MohamedMagdy

Elliott Wave Outlook

Long
MohamedMagdy Updated   
FX:EURNZD   Euro / New Zealand Dollar
Overall trend is assumed to be bullish as the final bullish wave 5 is forming

* Sell The breakout of the pink arrow
* Buy the breakout of the green arrow which signals the bullish wave 5 , whose its targets are shown by 1 , 1.618 & 2.618 red fibo levels .

Comment:
This is a more detailed chart

Currently , the bearish corrective wave 4 is in progress , it can be flat - which is already formed - or a contracting triangle which is currently in progress

Trade closed: target reached
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