EUR gaining strength after the release of positive news. NZD to lose more value before the end of the day. orange zones are on the daily time frame and blue zones are on the four hour time-frame. Trade with caution! ;)
This pair has broken out of a several months long megaphone pattern, and is now proceeding upwards. We can look for price to move towards the 1.845 area within the next several months or so. Likely not by the end of the year, but perhaps within 6 months. NZD remains weak and we have yet to see if it will recover or fall further. It's my belief that the NZD will...
A Bullish pennant pattern spotted on OANDA:EURNZD , along with a Hidden Bullish Divergence found at the .618 Fib level of the June 28 bull run which started the pennant following an even stronger bull run started June 14. Stoch also on under sold territory. Measuring the distance from the previous high of the move that started the bull run on June 14 up to the...
Price is trading around 1.67 area, so I will be looking for bull candles on the daily time frame. If I get bull candles, then I'll move to the 1H and place buy limit orders at previous market levels.
My Online friend recommend to buy this. I try to find the best entry as chart will set buy limit in buy zone #buy #eurnzd
Eur gbp is on a daily trendline and could see a reversal given that it comes back into the daily channel. Watch lower time frame and if it breaks down and stays below it will change to a short
SHORT TERM LONG: WAIT FOR RETEST OF HOURLY TRENDLINE AND IF PRICE FAILS TO BREAK DOWN BACK INTO THE TREND THEN LONG LONG TERM SHORT: WAIT FOR PRICE TO BREAK BACK INTO TRENDLINE AND THEN RETEST THE RESISTANCE TO SHORT
OANDA:EURNZD 1st Target 1.74800 2nd Target 1.8000
The possibility exists that the pair could take off without forming the E leg of the formation. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration...
3 Different signals about to completei, indicating a big chance for an Uptrend: - Double bottom Chart pattern completed with a 4h green candle closing above the neckline - Parabolic SAR dots under the most recent 4h Candle -Our 3rd indicator would be the 20 SMA line 8 (in yellow) needs to cross above the 40 SMA (in Brown) and all the setup would become highly...
According to my wave count I can see the pair edging higher and potentially retesting the 1.8000 level which also acts as a psychological level. We also got a breakout of what seems to be the total / partial correction of wave iv I would be looking to lock on profits as soon as the price reaches the highs of wave iii in the case that we get a truncated 5th wave...
The price follows a trend channel for now.. the resistance line in the trend channel have ben hit twice. and probably will hit it the third time. therefore completing a trend channel cycle (hitting 2 times support and 3 times resistance line) If the price breaks 1.71528 we will see the price to follow the 5 wave sequence. which is 1.13 on fibonacci drawn...
Not much to say other than we could be looking at the pair to go back up to the 1.7475 level. Reasons to Buy: 1) Hammer candle on the Weekly TF 2) Double bottom at the retest of the broken structure level 3) Weekly RSI oversold 4) Daily Bullish RSI Divergence 5) D + 3D Bullish Engulfing Wait for a pullback in the shorter TFs such as the 1H before buying in...
EURNZD expecting a move up in 1 hour timeframe.
From the looks of it this pair is going higher. Stop loss will be below yellow support area, so there is good R:R on this trade.
Anticipating a move up from this trend line.