Wednesday, April 6, 2016

Elliott Wave Forex Signals - AUDNZD Trade Hits 74 Pip Profit

Elliott Wave Forex Signals - AUDNZD Trade Hits 74 Pip Profit

The AUDNZD hit my profit target almost to the tick and then rebounded.  I feel this pair will continue lower soon but I'm happy with my 74 pip profit.

HERE IS THE ORIGINAL POST WITH THE TRADE:


Elliott Wave Forex Signals - EURNZD Short

The EUR/NZD triggered a bearish signal on my proprietary indicators and the wave count and price action suggest a pullback here.  This pair is a mess in the bigger picture, so I don't want to get too cocky with this wave count, but whether it's a small or large pullback, it should have no problem retracing 38% of wave c to around 1.6670.  Here is my trade:

Short EURNZD now at 1.6737
Stop at 1.6810
Profit Target 1.6663

Please support the blog and like this post :-)


PLEASE NOTE: THIS IS AN ELLIOTT WAVE BLOG EXPRESSING AN OPINION AND IN NO WAY GUARANTEES OR IMPLIES ANY PROFIT OR GAIN. TRADE AT YOUR OWN RISK.

No comments:

StatCounter