With the Euro gaining steam and the New Zealand weak, there is a very good long trade opportunity for this pair.
After completing a 5 wave structure to the upside, the market began to correct. Entry should be around 1.77850
This is about 61% below the A wave from the B wave on the corrective structure, and about 23% below the 4th wave from the 5th wave on the impulsive structure.
TP#1 1.80090
TP#2 1.80760
TP#3 1.82360
Stop Loss 1.76154
After completing a 5 wave structure to the upside, the market began to correct. Entry should be around 1.77850
This is about 61% below the A wave from the B wave on the corrective structure, and about 23% below the 4th wave from the 5th wave on the impulsive structure.
TP#1 1.80090
TP#2 1.80760
TP#3 1.82360
Stop Loss 1.76154