The EURNZD is in a corrective structure. I am expecting some more down move in the C wave before the next up impulse begins. I will be following this on lower time frame for trade setup so please follow me if you want instant notification when I post.
Enjoy your weekend and I will see all of you on Monday for a free webinar.
I wouldn't recommend looking for a double bottom on a 4hr timeframe.
Double bottom's (or tops) success probability rate is much higher when there are several weeks between the bottoms (or tops), so I would look into the daily timeframe, minimum.
hey anil I just registered for your Webinar to get the update for this trade.Also I would appreciate if you could update on spx500 what should be the best area to buy.i mean at the moment it's coming down, how low it can come down.What should be the entry ppint to go long for spx 500