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Eurnzdbullish

EURNZD on major support, prepare for a bounceEURNZD is in major fractal support, strong possibility of a bounce occurring. Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094. Reason for the trading strategy (technically): Price is testing and has bounced off major support at 1.6818 (Fibonacci retracement, horizontal swiung low support, ascending support, bullish harmonic formation) and a strong bounce could occur at this level to push price all the way up to 1.7094 resistance (Fibonacci extension, horizontal swing high resistance). We do have to be wary of our intermediate resistance at 1.6973 (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is seeing strong support above 1.1% where a corresponding bounce could occur.
Long
by MEX_Exchange
3
ATTENTION! EUR/NZD is at critical point! Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade? Fasten your seatbelts as the plane is rushing into the turbulence zone. MA (100,50,30,9) are intersecting right now -----> downside formation? -------I would enter the LONG position only if the price reaches 1.70 zone------- --------------------------------------------------------------------------------------------------------- --------------------------------Go SHORT if 1.665 is triggered!----------------------------------- Have a nice trading! I'll come back with new ideas/warnings soon!!
by DmitryQuail
EURNZD - A place to beLONGHey Friends, This pair has been a cash cow for me since early march I would look to buy possibly at the next set of correction and I'd park the trade there until I get a nice 400+ pip profit.. The overall trend has reversed to a BUY with short, sweet impulses to the upside. I believe the pair could test the 1.81 highs experienced in mid 2015. I think patience and good timing of the buy is all you need here. This could be my personal best trade of the year so if you see what I'm seeing put it on the radar for a buy! Disclosure: Trade at your own risk - if you are not well equipped to make a educated decision on a trade please visit babypips.com - Additionally, read Elliot Wave Theory to learn more about this investment vehicle.
Long
by Mcdoogs
Long Setup on EURNZDHi guys, on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin that signifies buying pressure along with a current engulfing candle that shows some buying power right at the D point of an AB=CD pattern (with RSI divergence). All these clues together (if confirmed) give me the confidence to take this long, with stop below the lows and targets with structure. I believe on the daily chart the overall trend is upward, so it could bring us some nice profits. Let's see. If you have questions or ideas to share, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1