EURNZD has formed a very strong bearish engulfing on the weekly time-frame. Bearish Engulfing on the daily time-frame further confirms this entry. Bollinger Band outbreak confirms this trade setup. SL set at body high, TP set at previous lows. This is a long term trade.
Hi 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...
Hi 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...
ello guys, as you can see there's an RSI divergence and we are in a good support zone. Im going long. Target in the chart. Have a nice day
best regards
EURNZD 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...
The pair is expected to retrace to test the channel line and head and shoulder nick line and forming (B) wave of ABC correction to complete the (Y) wave of double zigzag
waiting for confirmation on the channel line to go short
Thanks and Good luck traders
Our previous long for bottoming out ttl made 1400pips nearly.
This is a continuation of our mid-long term plan.
Entry1: $1.54
Entry2: $1.53
Tp1:$1.61
Tp2:$1.69
Tp3:$1.76-1.8
Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further.
The 1W chart shows...
Here's a simple channel, if lows hold and the channel breaks I will buy this with one position with stops below the lows. You like?
I'm going to risk 50-75 pips and target 150+ pips
