EURNZD Trend Reversal

FX:EURNZD   Euro Fx/New Zealand Dollar
16 0 1
4 months ago
A triangle seems to have formed in the shorter time frames.
In the longer term it seems the current downtrend could be a corrective move for the previous uptrend. It has retraced about 50% which is a common corrective move retracement.
I'm waiting to see a break to the top, a test of the now resistance line (then support) and then a new up trend to start.
Any Elliot Wave Theorists who think we've got wave one (previous uptrend) and wave two (Current downtrend) here?
Lets see what happens.
4 months ago
4 months ago
Comment: As predicted, the dark green triangle broke up.
The bright green trend line is a triangle from a higher timeframe which, as you can see, was broken to the top but then came down again.
I'm not sure why it did that. I think it's the first time I've seen something like this so I'm going to watch it to see what it does.
Any ideas are welcome.

Lets see what happens :)
4 months ago
EURNZD On its Way

As expected, still going up.
Don't get eager and buy the highs.
Use indicators that you're comfortable with to determine the best low to buy at.
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