Elliottwave Analysis: NZDUSD, long at spot

Yue Wang LinoCapital

NZDUSD closed back above the long term uptrend line from 2015.

A small base is formed, support at 0.6905, 0.6898, 0.6861.

According to my system, a fresh daily buy signal is flagged, but still in weekly sell mode.

Below 0.6850, 0.6844/0.6778 is next level to watch.

NZDUSD Trade Idea:(spot 0.6938)

①Buy @ market SL @ 0.6840 Take Profit @ 0.7008

②Buy Limit @ 0.6913 SL @ 0.6840 Take Profit @ 0.7076

Intraday Trade Idea:

①Buy Limit @ 0.6898 SL @ 0.6878 Take Profit @ 0.6921

②Sell Limit @ 0.7002 SL @ 0.7025 Take Profit @ 0.6982

Click on the image yo enlarge

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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