SharifAzadeh
Long

EURNZD; A Flat Correction Underway

FX:EURNZD   Euro / New Zealand Dollar
It seems that this pair is going through a flat correction . In flat corrections , we have a 3-3-5 structure in which the B wave usually retrace at least about 90% of A wave and often goes beyond the starting point of A wave.

If these bullish Inverted AB=CD , Shark and Deep Crab work out, I will expect a massive bullish run for the dreadful C wave which should be in clear 5 waves.

Good luck,

Ali             Sharif Azadeh, CFTe
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