NZD/USD Great Sell Opportunity 500+ pips
Good Morning,
I was taking a look on NZD/USD via monthly chart, and I identified a possible opportunity to go long after marking technical analysis patterns. As illustrated above, you can see price action fluctuate between the ABCDE legs, evidentially breaking down. So far, this basic Elliot Wave pattern is holding true. We are concurrently on wave B awaiting to retest trend line; complete wave B thus beginning C. Given this chart is monthly, I believe this will expedite a reversal. As we approach leg C, I will be updating this pair so you may stay informed. We will sell when market is overbought. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
I was taking a look on NZD/USD via monthly chart, and I identified a possible opportunity to go long after marking technical analysis patterns. As illustrated above, you can see price action fluctuate between the ABCDE legs, evidentially breaking down. So far, this basic Elliot Wave pattern is holding true. We are concurrently on wave B awaiting to retest trend line; complete wave B thus beginning C. Given this chart is monthly, I believe this will expedite a reversal. As we approach leg C, I will be updating this pair so you may stay informed. We will sell when market is overbought. Look for confirmation to enter, I also advise you to facilitate this trade on a lower time frame for a better entry. Please execute with your own due diligence.
Thanks,
Trade Wisely
Comment:
I shall be updating this idea as we approach leg C :)
Comment:
Comment:
TP 1 Reached, 135 in Profit. TP 2 approaching
Comment:
TP 2 Reached, 231 Pips in Profit
Comment:
TP 3 Reached, 301 Pips in Profit. Possible TP 4
