NZDUSD: Elliott Waves Perfect Formation
How to trade this wave :
i) We can enter long at correction wave A on retest of trendline around 0.7200's for a target of 30pips (0.7230's) in NZDUSD
ii) At B point enter short @0.7230's with 30 pip stops, for Targets around 0.7160's (70pips)
iii) If all goes fine, we may pocket 100pips in NZDUSD alone today !
Though in charts everything is marked, there are few scenario's which we need to consider what-if it doesn't happen the way we predicted. If trendline is broken @ A, please wait for the down move to complete and enter A to B long trade only on valid confirmation by other entry techniques, don't just use elliots only. If B point goes above Wave 5, better don't enter short trade on B to C.
Hope, we get 100pips in NZDUSD for the day's work...
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
i) We can enter long at correction wave A on retest of trendline around 0.7200's for a target of 30pips (0.7230's) in NZDUSD
ii) At B point enter short @0.7230's with 30 pip stops, for Targets around 0.7160's (70pips)
iii) If all goes fine, we may pocket 100pips in NZDUSD alone today !
Though in charts everything is marked, there are few scenario's which we need to consider what-if it doesn't happen the way we predicted. If trendline is broken @ A, please wait for the down move to complete and enter A to B long trade only on valid confirmation by other entry techniques, don't just use elliots only. If B point goes above Wave 5, better don't enter short trade on B to C.
Hope, we get 100pips in NZDUSD for the day's work...
Hit Like button to keep me motivated to post more ideas...Thanks for your support !
Happy Trading !!
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