Eurnzdforecast
EURNZD Sell SetupEUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so.
Happy Trading.
EURNZD Long Trade EntryEURNZD has formed an impulse leg A and we are currently in the B correction which shows 3 waves at this stage. I expect a move back down to the low at 1.6715 and then a move to break out of the correction. It is possible that the correction will be a 5 wave structure but either way suggests a break to the upside. I have entered a short position down to the low where I will take profit and then enter the long position.
TP 1: 1.6800
TP 2: 1.6900
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 intraday at 1.16910 for target 55-65 pips at 1.6970-75i am long on a technical pullback on the up t-line since june 2017 that can appears maybe soon as i see a rsi divergence also in h1
enter at 1.6910 for target the old up t-line from june around 1.16970-75 just for a small pullback
gains 55-65 pips
time 24h
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.
short at 1.7087 short time target 1.6990 = (97pips)short eurnzd short time 1-2 day
just pass or been on weekly-monthly resistance
overbought in many indicator h1_h4
Eurusd also much overbough and up too fast and i not see a real upbeat in GDP and CPI
so a small correction is legit even the NZD is very weak
short at 1.7087
target 1.6990
profit =97 pips
No sl (just monitoring)
all time in 2 positon..when 1 position will reach 30-50% of may target i will cut in gain and let the other at a stop +10-20-30...