dojitrader
Long

Long Entry @ Elliott Wave OR A Bat ???

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
307 2 9
Or In Between ~~~~~~
IF we get a clear 5 wave subdivision down
to complete a projected C wave it should
land somewhere between .8450/.8420.
Hopefully the 5 waves and candlesticks will fine
tune the entry trigger.
Targets for a 3rd wave could be up around .8575
which is 1.618 of wave 1 OR .8515 if this is only a C wave.
If I'm wrong altogether ----- Just 1 pip below X is all it will take
since one of the biggest rules in EW is that wave 2 can not go
beyond wave 1 ( I doubt this will be an expanded flat, but . . . )
I'm not sure what the EWave count does for this trade
but, the Bat is still valid and active with stops below X
at your tolerance.
Reply
whats ur view on this kiwi?
Reply
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