SteveNixon

Long Term Forecast EURO KIWI

SteveNixon Updated   
FX:EURNZD   Euro / New Zealand Dollar
38
In the short term this pair may break down to form a deeper correction before going long.
I expect price to eventually break out of the current structure and put in a nice long move up to complete the C wave of the current weekly correction
(I'll post a weekly chart in the comments to back up my forecast.)

I'm only looking for this long trade (or series of long trades) The potential short trade is unpredictable and may or may not happen therefore I'm unlikely to trade it.
If I see a long entry set up I'll be in the trade.

Most forecasts will be updated as they develop - remember to follow to receive them.

Always wait for an entry set up before risking your money.

This is not investment advice - it is purely for educational and discussion purposes.
Your Ideas, comments and questions welcome

Good luck Steve
Comment:
This chart shows the weekly chart and my reasoning for a potential nice move up over the coming months. Naturally it wont move in a straight line but this chart will bias my shorter term forecasts
Comment:
We didn't the deeper pullback I was expecting but that OK because we are only looking for the long set up - look for a correction of this first move up and we may get in on this
Comment:
Potential long set up in the making - could happen within 24 hours
Comment:
Not a bad prediction

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