EURNZD one leg lower

2 Agu 2016

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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3 Agu 2016

Catatan

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.

3 Agu 2016

Catatan

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.

3 Agu 2016

Catatan