traderWgun

A big buy opportunity coming up, after a 500 pip drop

Short
FX:EURNZD   Euro / New Zealand Dollar
5
The EUR-crosses are poised to make new lows against the Forex commodities currencies (AUD, NZD and CAD).
Here is my EURCAD idea: and I will be posting a EURAUD idea after this one.

The next low should complete a bullish pat pattern, which is valid as 1.4960 holds.

It looks like we are in a complex wave (b) of wave B or X.
If it's wave B, we are doing a flat and should see a test of the 1.700 figure.
If it's wave X, we should see new highs above 1.720.

Look below for more charts.

Follow all my demo trades at www.myfxbook.com/mem.../tlkemmy/demo/854232

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Good luck!

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