EWStructures
Long

EUR/NZD - Kiwi weakness around the corner

FX:EURNZD   Euro Fx/New Zealand Dollar
76 4 1
EUR/NZD is near the end of a C-wave             of a larger B-wave so I expect one stab lower before this C-wave             is complete. Also note NZD/USD             and AUD/NZD             are at or near potential turning points.
At what rate do you think would be a good rate to start the long?
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Take a 4hr chart, you will notice that we're in something which looks like a triangle in progress (wave 4 of C), if it breaks south count 5 waves down on a 60 min to catch the end of this larger wave C.
1.50 is obviously a big level and corresponds with a trendline along the lows. But personally I don't buy just at a level because it is a level, I want to see a completed pattern preferably at that particular level.
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Asiontic EWStructures
Thank you very much, still new to trading and trying to learn as much as possible.
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My pleasure, unfortunately that new low didn't come, but there is always a new trade around the corner.
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