WaveAnalysis
Long

EURNZD Long Trade Setup

OANDA:EURNZD   Euro / New Zealand Dollar
Hello Traders

My expectation is one more up impulse as C wave for the completion of the 2nd wave. That's why I'm looking for long trade setups. The last wave from the bottom could be the reversal impulse and after that, it made a correction. And it looks like it's making a lower degree reversal impulse now. So, I'm waiting for a correction to place an entry order. My target is 0.7335 which is 0.618 of 1st and 0.181 of A.

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Trade with care.
Bulent
Nice TA man! I definitely agree we'll get one more push up for the C wave to at least the low 1.66s (.618 fib extension).

Here's what I'm looking for:



I've been long since that B. I don't think we retest the lows before completing the C.

GL :)
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@RB1988, Wow, nice entry. I hope I will have a nice setup to take a trade before it goes.
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This prices will drop, at least to tack 1.63327
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WaveAnalysis Mntungwa87
@Mntungwa87, Based on what?
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Mntungwa87 WaveAnalysis
@WaveAnalysis, I'm looking at the incomplete expanding flat on daily...... also looking at The incomplete Diametric structure that adds as a confluence there. and a nice building bat pattern there.... therefore the trand is down this pair this week
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Mntungwa87 Mntungwa87
@Mntungwa87, this means prices will break the previous lows
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WaveAnalysis Mntungwa87
@Mntungwa87, I don't think that is an expanding flat, and even if it's so, it can be a complete one.
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Mntungwa87 WaveAnalysis
@WaveAnalysis, I was just saying we will tack the lowhttps://www.
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