dinhchien
Short

GBPNZD - Short at Butterfly

FX:GBPNZD   British Pound / New Zealand Dollar
- GBPNZD is at Butterfly Potential zone 141.4 - 161.8.
- Reaching the price channel .
- Elliot waves rule is at wave 3, maybe occur a correction from the wave 3 to wave 4.
- Look left, the symmetry waves were corrected at wave (5).
Therefore, I predict GBPNZD to has a correction from The Elliot wave 3 to 4.
The Symmetry group wave is the Wave III to wave IV
* Entry 1: Sell now or sell limited: 2.05354 (1.618)
Target 1: 2.00542, Target 2: 1.98664
Stop loss: 2.07583 (wave 5) + 0.02 = 2.07783

* Entry 2: wait for a reversal at H1 timeframe at group wave 1, 2, 3... is at wave 3
Stop loss is at the previous Top
Target: 1.98664
Trade closed: target reached: Closed my trade at 90% target with 136 bib profits. Wait for buy at Symmetry waves
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