EURNZD looks to be finishing a beautiful 5 wave structure Short

Euro Fx/New Zealand DollarFXCM

Description

⋅ May 6, 2015 3:42 PM

Shorting opportunities (wave 3/C) will be present on pullbacks if this structure proves complete by a swift move to the downside.

Comments

ElPatron.Y

⋅ May 6, 2015 7:16 PM

I don't know EW but here is what I see..

Nick_C_

⋅ May 6, 2015 7:17 PM

Looks good, nice divergence.. Should see a correction within next few hours, probably in Asia volatility

ElPatron.Y

⋅ May 6, 2015 7:17 PM

Yeah should fall soon indeed..

ElPatron.Y

⋅ May 6, 2015 7:18 PM

Drop to 1.43?

IvanLabrie

⋅ May 6, 2015 7:18 PM

We're all on the same page here.

ElPatron.Y

⋅ May 6, 2015 7:19 PM

My gut feeling tells me to short because it is pretty clear...

IvanLabrie

⋅ May 6, 2015 7:21 PM

Then it's a technical thing. Your gut feeling will usually be wrong,
If you feel sure, then it'll probably go up some more.

IvanLabrie

⋅ May 6, 2015 4:02 PM

Looking hard at this, gbpnzd, eurusd and gbpusd.