Looks like accumulation should be already done. Price is traped in a tight range forming falling wedge. TP1: 1,6000 (nearest) TP2: 1,7000 (long term and it will go higher, because on a weekly we are in a corrective structure and 2nd wave should start )
I think we have a good opportunity to long this pair after bulls recaptured a key level and we saw some strong rejection with huge pinbar.
After Rate in NZD
EURNZD broke a TRENDLINE and is currently re-testing it i just bought and my first TP will be 1.56000 TP2 : 1.57000 -- Make sure to FOLLOW and LIKE for more CHARTS IDEAS
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.
Clear breakout with change of trend. 4hr has hidden divergence for corrective structure. Enter at breakout from consolidation. Enjoy the slingshot.
After 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...
EUR/NZD is forming a pennant on the weekly chart, which could either be bullish or bearish. Also keep in mind that there is a rate decision for the NZD today. However, I prefer the upside on this one!
I am long in EURNZD Open : 1.6575 SL : 1.6540 TP : 1.6625
Good ~200-300 pip long setup The pair is looking to stay range-bound within this wedge Would look for consolidation at 1.63 level before taking long position Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally Here's a daily chart showing the wedge
Target is 100 - 130 pips from current price ONLY IF it bounces from 1.62000 - 1.63000 support level.
This is just my wave count and the forecast. This is just the expected wave pattern and the future price points shown in the chart has no significance. Please comment on the chart if you are an EW and have a different count than this. Thanks
On the EUR.NZD 15min chart we have a potential long opportunity at the D leg completion of a Gartley Pattern The price reversal zone on this pair is between 1.676 & 1.672 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Gartley Pattern placed at the .382% and .618% retracement...
On the EUR/NZD 4h chart we have a potential long opportunity at the D leg completion of a Cypher Pattern. The price reversal zone on this pair is between 1.5978 & 1.5787 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher Pattern placed at the .382% and .618% retracement of...
Idea is based on Elliott wave theory. The chart contains the rationale and target/stop loss. Good luck
Nothing complex about this trade. There is previous support which meets the 0.382 Fib level. Decent risk/reward ration which obeys my trading plan, stops just below structure lows and targets just below structure highs.