Open trading account 
Based on Elliott Wave analysis EUR/NZD is playing inside a very complex price structure and corrective in nature. Since 2014 top at around 1.6400 we have been moving inside an WXY pattern which can be subdivided in lower degree WXY patterns. Right now we're in the last stage of completing the pattern as we're currently developing wave Y of higher degree and wave y of Y before the cycle to be completed. Before the last leg up we need a retracement towards at least 38.2 Fibonacci …
Daytrader21's Blog
Qick Review of My Trades
First trade I took this month was on turkish lira, I went short USD/TRY you can find more about the reasons behind this trade in my previous post: Emerging Markets, Follow the Hot Money.
Second trade I took was on the Canadian Dollar, actually I was both short and long on this pair. USD/CAD has recently started to break in a very aggressive bullish trend. I've been forecasting this trend in the Canadian Dollar since last year you can find here a quick review of my Technical Analysis on the USD/C…
Second trade I took was on the Canadian Dollar, actually I was both short and long on this pair. USD/CAD has recently started to break in a very aggressive bullish trend. I've been forecasting this trend in the Canadian Dollar since last year you can find here a quick review of my Technical Analysis on the USD/C…
NZD Dollar Crosses
Today I want to take my time and give a full explanation for my last, two profitable trades, EUR/NZD and GBP/NZD. I took a long position in both of this pairs, Wednesday 18 December, in the morning before the Fed taper decision. For me this trade was more a kind of "synthetic" (not per se) trade. I was expecting NZD dollar to weaken and therefore I was looking in the crosses to maximize my profits as I knew they will be moving much more than NZD/USD.
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