1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

NZDUSD: Elliottwave Structure expects a pullback before extension higher

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Mar 8, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Joined:
    Sep 1, 2015
    Messages:
    4,021
    Likes Received:
    1
    Short term Elliottwave structure suggests cycle from 2/29 low ended with wave ((w)) at 0.682 and pair is in wave ((x)) pullback. Internal structure of wave ((x)) is unfolding as a double three where wave (w) ended at 0.6745, wave (x) ended at 0.6815, and wave (y) of ((x)) is in progress towards 0.669 – 0.6738 area before turning higher either to new high or at least in 3 waves bounce. We don’t like selling the proposed pullback and expect buyers to appear from the above area for at least a 3

    Continue reading...
     

Share This Page