chrystael
Short

ELLIOT WAVE COUNT

FX:EURNZD   Euro / New Zealand Dollar
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1
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watch this price go down the grill

wave c is a likely point of market reversal which is marked by green rectangle and a cluster of fibonacci
Hello

On the higher time, which is a weekly chart shows the same elliot wave count but pointing to a bull market. Dollar seems to start falling having gotten to a double top on a weekly chart. On this chart it likely shows a small pullback. Now lets see if it will hold eve as we all know that in a bull market, price will not just go bull all, there have to be pullbacks which are in downward moves.

You could alter the stop loss and take profit if you ar still interested in tradng this very time frame.

But i prefer the weekly chart as it shows clearly.


Good luck
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