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.
Asiontic
6 months ago
At what rate do you think would be a good rate to start the long?
Reply
EWStructures Asiontic
6 months ago
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.
Reply
Asiontic EWStructures
6 months ago
Thank you very much, still new to trading and trying to learn as much as possible.
Reply
EWStructures Asiontic
6 months ago
My pleasure, unfortunately that new low didn't come, but there is always a new trade around the corner.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out