EURNZD 60 minutes completing 5 wave short term long expected.

Dec 4, 2022

EURNZD on 60 minutes chart, completing a 5 wave movement respects to the elliot Principles, currently wave 5 facing a truncation at the price level where wave 3 ends.

*All 5 wave respects fibo levels as per the principles of wave analysis.

*RSI showing divergence as showing noticeable higher value at the same price level, where earlier showed lower value at the same price level.

*Wave A can possibly start at the break of the triangle formed, and can end at the noticeable previous supply zone. EURNZD

Dec 5, 2022

Trade closed: target reached