GBPNZD Beautiful ABC correction hit my Target

Previously on 11nov2015, i made an analysis on GBPNZD corrective swing .

pipsumo analysis

the result after few days....

ABC correction elliot wave

This Analysis was made on the daily time frame. I used elliot wave analysis and price action to make my decision to to go short for this GBPNZD.

After many days, the price hit my target. As im using elliot wave on the daily time frame. it much easier for me to count the wave. but it will take long time for me to take my profit.

I recognize the wave pattern and put the entry on the end B wave.the price go down day by day and hit my Target.

With my point of view, the price will make the new reversal wave, i'll wait for the another clue of the wave before go long for this GBPNZD.

The price might touch the Support area on the daily chart. There are possibility for the price to go upward. Be Careful.

Good luck!! Happy Trading!!

this forex trading idea was published for the purpose of study only. all the risk taking are at your own responsibility.

tags : forex trading  price action elliot wave analysis


A forex trader who enjoy doing forex naked chart and make profit with forex expert advisor.Also enjoy to socialize with other forex trader in the world.