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EURNZD Uptrend - Elliot wave opportunity? 120pips
Euro / New Zealand Dollar
Long
EURNZD Uptrend - Elliot wave opportunity? 120pips
By bizlus
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Updated
May 16, 2018
1
May 16, 2018
Uptrend - Higher Highs and Higher Lows
50 EMA providing good resistance - Entering at the 50EMA bounce upward through Pivot R1 up to potentially R2
Two trades 30pips Stop Loss, 30pips 1:1 and 3:1
Don't forget to risk manage -
babypips.com/learn/forex/what-is-a-trading-plan
t >
bizlus
May 16, 2018
Trade closed: stop reached
May 16, 2018
Note
A retrace to the pivot maybe, we'll seek re-entry later.
50ema-retest
bizlus
elliotwaveanalysis
exponentialmovingaverages
Moving Averages
Pivot Points
Trend Analysis
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