EURNZD IN A 240 CORRECTIVE STRUCTURE ONE MORE DOWN IS POSSIBLE BEFORE THE BIG UPSIDE THIS DOWN MOVE IS AN E CORRECTIVE WAVE OF THE STRUCTURE LOOK FOR THE BREAKOUT TO SELL! THANK YOU KEEP FOLLOWING AND SUPPORT
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Nice one! Hope u guys in the sell
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The daily structure overview
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fdtbeijing
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totally agree with your analysis sir, wave structure works very well in FX market.
lemezohaib
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it works in all type of markets! Not only FX.. Every market which has a real time chart.
fdtbeijing
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don't think it will work in US stock market, for it just keep climbing regardless what happened.. just buy the dips and bull market forever.. i don't need technical analysis
k_vikram
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This is also hitting the bottom bollinger (20, 2.5) , on a trend line and in the support zone. All three things point to a LONG setup. I am new at this but want to understand how you are looking at it. Thanks!
lemezohaib
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k_vikram
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Thanks so much Zohaib. Now it makes sense. So it short term it might be a buy setup but in longer timeframes it's a Short opportunity. It might be a good risk reward ratio to go long in short term but I might be going against the trend.
Really appreciate your help here.
lemezohaib
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Just wait for the breakout to confirm which side it will go. If it break up then one more up is possible in the structure or maybe this time it will break the structure to downside so wait and trade after correction