ForexPhantom
Short

EURNZD - REVISED Short Wave C

FX:EURNZD   Euro / New Zealand Dollar
Hello Boys and Girls!

As mentioned earlier in my previous EURNZD analysis - I think I've got it wrong. Initially I thought we were still in a running C to form a B but after looking at it for a while I figured the B may well be finished already. There are a handful of reasons making me assume that:

+ We have reached the 50% retracement already. That is not a guarantee but the price still bounced off the retracement
+ Price broke through the correction channel downwards
+ There is a complete a-b-c structure within the B if you look close

In simple words, if the B is finished already, we'll see the C kicking off soon, making the EURNZD dip lower than the initial A!

Based on that I have closed my long position with a small loss and turned it into a short position.

Wish me luck :D
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Send feedback Ideas Published Followers Following Private Messages Chat Sign Out