Elliott Wave Training

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Showing posts with label GBP/NZD. Show all posts
Showing posts with label GBP/NZD. Show all posts

Saturday, May 26, 2012

Elliott Wave Analysis of GBPNZD

Its possible that this is suggesting a 5 wave advance has finished from 1.9161, although i have included some other alternative options, as i am not impressed with the decline so far from the highs at 2.1049

So i am watching closely to see if this morphs into a possible flat or triangle and still on going in wave [iv]

With or without a new high, this should be setting up for a decent reversal. To correct the advance