Monday, December 3, 2012

NZD/USD 3 Dec 2012 - 4HR Chart

Elliot wave count - Wave 2 seems to have completed forming. Look upside move as shown by the arrows. Buy nzd with 1st target at around 0.8245. Prices may bounce when they reach the diagonal trend line, if the trend line is broken then we will continue buying towards 0.8355.

Chart: 4hr
Open positions: Long/Buy
SL: 0.8165
TP1: 0.8240/5
TP2: 0.8356 (if diagonal trendline is broken)

Profit of +55pips was made from this trade idea. Take profit at 0.8245 was hit.
The pair broke the yellow trendline and continued to go up as expected.
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3 comments:

  1. elliottwave instituteMarch 24, 2021 at 5:40 AM

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  3. elliottwave instituteMarch 24, 2021 at 5:48 AM

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