Long EURNZD 7-21-19As we see on the H4 chart on EURNZD we see that it has been in a previous downtrend then uptrend and as we look at the chart we see that pattern possibly starting to happen again and we are also oversold on the RSI after it has been in a downtrend again so we may see a possible uptrend soon to come.
EURNZD-LONG
EUR/NZD: Potential 410 pips - Long with 11.0 R/RDear Traders all around the world
EUR/NZD engineered liquidity below the 29th of April low and formed a 12H bullish rejection candle while it approached our daily Orderblock.
Therefore I am anticipating a long with a 11.0 R/R ratio while watching PA closely once we are approaching the highlighted levels.
POC: Point of Control
EQ: Equilibrium
EURNZD - One more push higher before big sell off!We should now be in wave ((c)) of B, unfolding as an impulse higher.
Now in wave 4 of it.
Once it ends, we'll see one more push higher with first resistance at 1.703
and second and biggest one at 1.720 from where a big reversal should happen
towards blue wave C lower that could get us down to 1.575 ~ 1.558.
If for any reason price goes straight below 1.660, the count gets invalidated
and we will consider wave ((c)) as complete and look to sell right away.
EUR/NZD 1000 pips tradeEUR/NZD bounced off an important weekly support. It seems that we have great opportunity on our hands to buy that pair and hold it for a couple of months. I will be looking for 1.78 region to take profit (unless something else forms along the way). Also stops should be placed below the support level (don´t forget to leave enough space for price to breathe)
Long Position For EURNZDEURNZD was moving in the Descending Triangle Pattern. Every time this pattern formed, the potential for the next movement is between it breakout to the Top Channel or Bottom Channel.
But since we have a good tail for the incident in the Support Channel. I think its good for us to open Long Position, therefore I decided to open Long Position :
BUY @1.6415
TAKE PROFIT @1.6550
STOP LOSS @1.6350
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
THE EURO AND KIWI TRIANGLE BREAKOUT!EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded.
we hope you enjoy some profits from this trade opportunity... Our first target is the previous support area where the sl is of the current long trade and ur second target is the -1.27 extension of the whole impulse move, marked above on the chart.
EURNZD BULLISH BAT AND WEEKLY RESISTANCEFX:EURNZD Has formed a bullish bat. The price is on the low support bearish channel and on a weekly support as well. The RSI is oversold and the strength of NZD is high, could go down and EUR strength is a bit low and could go up. The price can reach 50% fibonacci of main trend easily, even broke the bearish channel to start a up trend in a daily timeframe