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Eurnzdbuy

EURNZD Showing A 550 Pip MoveEURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in eurnzd this is a high risk trade. Entry: CMP Take Profit: 1.5730 > 1.5980 Stop: 1.5350
Long
by JoshFX1
My 1st Trade Idea: Buy EURNZD Based on 4H + 1D ChartsNote: My charts are usually very messy, so I've re-done it and removed a lot of unnecessary indicators etc so you get the overall idea. 1D chart shows a nice clean uptrend on the EURNZD consisting of HL and HH, 4H chart confirms the last candle closed on the EMA200 line, which is also the lower channel of the uptrend (conservative entry would be waiting for a bullish 4H candle). The 1H chart also shows a bullish hammer is completed. Please do your own analysis, this is just my opinion of a possible trade entry I am considering. 1.57690 is a major support=resistance which is the exact position price was rejected and formed hammer pattern in 1H chart. However, we are still below 1.5800 which is also another major support=resistance - one could say, this is a support/resistance channel which we must break above to confirm continuation of bullish movement. Please share your views and opinions below :)
Long
by AEFX786
2618 trade setup on EURNZDHi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to hold. According to the 2618 strategy we can buy here and have our first target at the retest of the highs, with stops below 1,52 level. Target2 to be determined. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2618 on EURNZDHi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to hold. According to the 2618 strategy we can buy here and have our first target at the retest of the highs, with stops below 1,52 level. Target2 to be determined. If you want to share your view or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
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