EURNZD-LONG
EURNZD at Support - Possible Buy EURNZD Daily
This pair retested support, with a bullish candle on the daily TF for long confirmation.
Triple bottom completion if price reaches 1.5840 and breaks through.
However, for now we may have a bullish outlook with a target of 1.5635 and a stop loss below 1.5100.
Also, MACD support a buy.
EURNZD LongUpward trend since end of September broken when close below short term support and resistance 1.5483, fall to July lows presents buying opportunity. look to go towards longer support and resistance of 1.5834. If this is broken and goes above 2016 high/low fib retracement 0.3821 we could expect returns to long term support line (and fib retracement 0.5) of 1.61. Note bounce on CCI from this area.
EURNZD - ENTRY KING (NOW)Here we are finally! At the bottom of EURNZD, I waited so long for this moment, now EURNZD is going back up for a long road ! 1.55500 short term, 1.60 long term =)
We got our second bottom to complete the double bottom + downtrend trendline got broke! Alot of BULL sign there =)
--
SL would be under the trendline.
Simple trendline, simple analysis, alot of pips
LOW RISK
--
Make sure to FOLLOW and LIKE for more IDEAS =)
upside potential in EURNZD.A close above channel resistance will expose 1.5840 with a break above that targeting the measured objective near 1.6140. on wednesday it is expected that nzd will decrease their interest rate so that will provide us a opportunity to buy this pair at 1.5860 with stop loss 1.5430 and take profit 1.6130.
*Update* [W] EUR/NZD longAfter the inital long setup on EUR/NZD failed, the price went down to hit a support line, which is getting more and more important. If the support doesn't get broken in the near future, the price is likely to go up again. The upper trendline of the forming wedge limits the price, but if it gets broken, the price could go up towards 1.849 NZD. As the trade can be stopped just below the recent lows, the risk reward ratio is very juicy. A more secure approach would be to split the trade into two and take the first profit at the upper trendline. Good luck!