WaveAnalysis
Short

EURNZD Short Trade Setup

OANDA:EURNZD   Euro / New Zealand Dollar
Hello Traders

After the green 1st wave, it made a pretty strong upward wave which doesn't look like a correction. Yet I'm looking for short trade setups since it can be one of those sharp corrections and we can get a very big down impulse. As you can see, it made a 5-wave structure and the last top can be the end of the 2nd wave. That's why I'm waiting for a reversal pattern to place a pending order below the bottom with SL above the top.

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Trade with care.
Bulent
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