buy eurnzdfomc chairman is about to speak and it looks like eurnzd is bound for some short reversal. risking 15pips for 41 pips. long eurnzd as corection phase iv can't overlap impulse wave i hence we will sell after this 40pips buy
Longeurnzd
long eurnzdprice is forming a bullish flag pattern with an expected breakout expected to happen to the upside. risking 50 pips for 160pips.. apply proper risk management. we then sell afterwards... check my previous analysis for eurnzd sell setup after this bull wave
BUYING BIAS ON ENRNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
long eurnzdlong eurnzd for two target that shown in the chart. flag is firmed and price is supported by Fibonacci cluster.
Bullish EURNZDExpecting a continuation of this bullish move. The European Dollar has been gaining a significant amount of strength.
Reason For Bullish Move:
1.) The New Zealand dollar has been overall losing its strength, not only against the EURO but other currencies as well.
2.) After breaking and retesting the former high, price then found support and formed a higher low on the monthly time frame.
3.) Last week sell off ended in an indecion candle on the weekly timeframe, showing that some exhaustion may exist and price is now ready to make a move to the upside.
4.) On the weekly time frame price respected the 61.8 fib level.
5.) On the daily chart, price broke through the former resistance level, and retest that same level and found support (the yellow rectangle) at that same level.
Like, Comment, Follow. If you think or see something different comment your analysis.
Buy Setup EURNZD (Bullish Gartely)as we see Gartely Pattern approached point D. i ll buy the pair from current levels (targets & SL on chart).
and i ll put Buy limit @ 1.5240 with same targets and SL.
LONG EURNZD: STRAT TRADE - 99.49% PROBABILITY OF REVERSAL *Long EURNZD:
1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily.
2. Also we see the Z-Score for, Monthly, 3m and 2wk all above 1SD.
3. Fundamentally I also like being long EUR given the ECBs new more neutral stance where monpol easing looks to be coming to an end.
4. Technically there is also some nice structure about the 1.52 level, though not quite yearly lows (as in GBPNZD) but still a firm level which is more likely than not to attract some bids.
Trading Strategy:
1. Buy EURNZD at market in 1xlot, and add 2x on each daily close lower from here. Start in small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.
