I think EURNZD is in need for one leg lower as shown on the daily time frame.
The 1 hour time frame shows a possible leading diagonal for wave 1 of wave 5.
If we see a correction I will look to sell
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The 1 hour time frame shows a possible leading diagonal for wave 1 of wave 5.
If we see a correction I will look to sell
www.timstuyts.com
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Watch for break, the stop loss is based on the recent high of this structure so if we move slightly higher first, the stop loss should be slightly higher.
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This 15 min time frame set-up doesn't look good enough to me anymore. I will monitor it but the recent price action decreased the probability of the sell trade. Updates will follow.
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