EURNZD: Preparing for a larger descent

١٥ مايو ٢٠٢٤

Hello Traders,

We have an interesting setup on EURNZD. Between 23rd of Feb and 1st of May, we saw an upward move identified as a corrective wave ABC, with Wave C forming an ending diagonal. Recently, we saw a break of the ending diagonal pattern in wave C, setting the stage for a decline. The break of wave 1 to the downside further confirms our bearish outlook. As such I expect EURNZD to continue the downward movement.

However, if the price goes above 1.81557, my analysis of a drop will be invalid.

Cheers and happy trading!

١٦ مايو ٢٠٢٤

ملاحظة

EURNZD has done +95pips since this analysis was shared.

٢٢ مايو ٢٠٢٤

ملاحظة

EURNZD has done +193Pips since this analysis was shared.

٢٢ مايو ٢٠٢٤

ملاحظة

Both harmonic and Elliott wave analysis idea of this pair show perfect confluence.

٢٨ مايو ٢٠٢٤

ملاحظة

EURNZD has now done +209pips in the projected direction.

٣٠ مايو ٢٠٢٤

ملاحظة

Update of EURNZD analysis.

٥ يونيو ٢٠٢٤

ملاحظة

UPDATE: EURNZD has done +340 pips since this trade idea was shared.
I hope everyone profited from this trade idea.


Cheers!

١٠ يونيو ٢٠٢٤

ملاحظة

UPDATE: EURNZD delivering as anticipated. About +360pips done.

١٨ يونيو ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

١٧ أكتوبر ٢٠٢٤

أغلقت الصفقة: تم الوصول للهدف

Done