EURNZD is currently correcting and is looking to give us a long term down move. Before we get the long term downside we are looking for it to reject from the highlighted area. The overall pattern we're looking for is a regular flat pattern.
FX: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
Hi, as you can se EURNZD made an up impulse and we broke the trendline. Now it's making 15 min flag above that trendline. So, take that breakout. I'm looking for bigger C wave in the bigger picture. We have divergence on all timeframes! Please, don't miss this one! ;) BONUS: Don't forget on NZD news (high impact) in 3 hours! Make the bank rolls! :D $$$$ ;) If...
Eur nzd recently reversed on the major key level of 1.65550 and it's probably set for another rally up to the upper trendline. We set stops just below this level, because if it breaks it, this could sink rapidly much lower. Targer is visualised on the chart and is as said the upper trendline. It is also nice risk:reward ratio if this plays out in our favour.
We are in a larger red ((abc)) correction and currently in wave ((b)) of 2/B. Price is unfolding as a complex (wxy) correction and we have reasons to believe the low is in. We should therefore see price go up in impulsive fashion (5 waves up) for red wave ((c)). Why the low might be in : * Wave (y) turned around at the 61.8% projection of wave (w) to (x) * We...
Buy in zone for 1.758-1.76 700+ pips In that zone should place sell limit too
WAIT ON A BULLISH ENGULFING CLOSE ON H4 TO ENTER A BUY SETUP, ELSE BUY SETUP FAILS. GOOD LUCK!
EURNZD Long opportunity My TP Long term Buy SL 1.66160 area
Buy at 1.6590 Goal is 1.6777 Candle D1 close above 1.65780
Eurnzd is a tough one but i think we could atleast see a small retracement before furtherdownside, either look for a sharp breakdown to continue the short or wait for some further rejection of downside to go long, my bias is more long than short but with nzd strength we will see what happens. Trade what you see and react
As always, patience pays the bills. I personally don't like taking trades for the sake of it. I wait until I have a very high probability of being right and I make sure I win more when I'm right than I lose when I'm wrong. Here is a lovely little set up on the EURNZD. Daily timeframe showing massively oversold at a Major structure level being tested. Loss of...
Buy opportunity on EUR/NZD We see a pennant formation and it broke to the upside. It retraced to a 0.618 Fibonacci level, therefore we can buy. SL) 1.739 TP 1) 1.758 TP 2) 1.770 Comment below if you have any thoughts on this!
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