THIS ABCD PATTERN INDICATES EUR MAY BE REACHING SLIGHTLY LOWER TO REGAIN PRICE VALUE BEFORE ONE AGAIN ASSERTING A HIGHER PRICE ACTION RANGE. AUCTION MARKET. LIKE IF YOU AGREE ! THIS IS ALL FUGAZI, MENTAL MANAGEMENT. WE THE REAL
Expecting every EURO pair to go down next week. Maybe not EURUSD cuz USD is very week. Lets swing this EURNZD Beast.
The bullish AB=CD pattern completed at 1.596 level and the 2.0REXT of B-C is at 1.595 level. Meanwhile The 1.618EXT of AB locates at 1.594 level. Additionally the Demand Zone works at 1.593-1.596 levels. So it is good to buy at 1.593-1.596 levels when price action gives signals in the PRZ. SL:below 1.590 TP1:1.604 TP2:1.614 TP2:1.622 and further more
I am thinking more upside, check out my previous analysis. But let's wait if it retraces or the level it's sitting at now is 50 fb level between a monthly swing high and swing low. A break above and we'll meet the down trend a rejection and we'll se the uptrend below. I'm keeping an eye on this one. And you should to :) Just an idea, not a signal !
Price rejected the trendline a 3rd time in line with support and fibonacci confluence. Initial targets are at the most recent swing high with extended targets at the fibonacci extension.
Heres a new entry we just executed for about 40+ pips on the EURNZD pair. Only 1 target due to the entry timeframe. Good luck traders
Looking to Short EURNZD on retest of trendline to form Head and Shoulders pattern.
My system showed my another short signal this time on the EURNZD.
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
I am expecting a sell setup. This pair went too high and I bought very low and made over 1000 pips. Looking at 15 charts rising wedge can be seen.
Hi guys, here you can see the 4hr chart on EURNZD, i'm about to short this market and i'll briefly explain you why: firstly, the black line stands for a daily & weekly level of structure, that acted as support in the past, secondly, the RSI is overbought in this timeframe and it's showing some divergence on the daily chart. In addition to that, there's an AB=CD...