FORECASTING FINANCIAL MARKETS USING ELLIOTT WAVES THEORY AND GENERAL TECHNICAL ANALYSIS.
Friday, March 7, 2014
EURNZD FORMING BULLISH
From September last year till now, this pair has been ranging. After forming a resistance at 1.6675, it moved down steadily to retest 1.6255 with a pin bar candle.
I expect a movement up from there to 1.6465 and 1.6600 which are going to be my targets with my stop loss below the pin bar.
Price could dip lower with about 30-45 pips before the predicted move. As usual my buy limit will be at 1.6285
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