New Zealand Dollar vs US Dollar Elliott Wave Signal #9
Posted by: Elliott Wave in Elliott Wave Signal NZD-USD, tags: elliott-wave, forex-signal, New-Zealand-DollarCurrency Pair = NZD/USD.
TimeFrame = Daily for Medium Term Trades
Signal = Sell at Market price (current price= 0.7650).
Risk Reward Ratio = 6.0+ (Medium Risk Trade)
Target Profit = 0.7350 area
Exit at above 0.7800 area. (move stop few points below entry after market pass 50+pips to secure profit).
Elliott Wave New Zealand Dollar vs US Dollar Analysis :-
Our Last NZD/USD Signal seem to be stop out with small profit since market reverse just few point above our target range at 0.7350 area.
For today signal we did some Elliott wave recount to our NZD/USD chart for better result.
We take previous high as wave ii and wave iii is our next target.In our analysis, NZD/USD could form a motive wave i-ii-iii-iv-v with normal wave iii could end at 0.7350 area.
If Market unable to break previous low at 0.7660 area then we will recount for possible impulsive wave 5. If that happen then our recent count will be corrected to bearish diagonal pattern with wave 4 on previous low.
Below is our first count for NZD/USD Elliott wave signal :-

Popularity: 18% [?]


























Entries (RSS)