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...
I see divergence formed on the MACD together with stochastic overbought condition. I anticipate a return to the previous support level.
EURNZD looks like at the top of a channel. Entry @ 1.60816 SL: @ 1.61406 TP1 @ 1.60420 TP2 @ 1.57715
EURNZD is currently bullish as the NZD fall... I'm expecting to keep going up and I will be SHORT at 1.60200. The reason is simple, BOLLINGER BANDS will be OVERBOUGHT AS F*CK and i see an ABCD PATTERN and an AB=CD PATTERN also. 500 PIPS trade! -- Good luck!
Expecting one more move down (C wave) to complete the correction before continuing on the long term uptrend.
The Reserve Bank of New Zealand was surprisingly more Dovish than expected. This caused the price of all NZD pairs to weaken. This is a simple trade. Wait for the price to retrace and then hop in. There are two good spots: 1.58500 & 1.58050. These are the 28.6% and 38.2% Fib Retracement levels and they are previous support/resistance lines on the hourly chart. The...
Three problems alot of traders face. Having the patience and professionality to trade this trends is the tough part. Thats where alot of people surrender if they miss an opportunity or two and escape afterwards to counter-trend trading, because psychologically the market is always offering you a counter-trend trade. In my view to trade trends, one has to be very...
Price retrace back to the trench from the previous trade idea on the 8/5/17 which let us gain a 250 pips. Now it is back to the resistance, I am still on the short side unless 1.6 zone breaks clearly. we could possible re-visit 1.565 again
Nice rejection from the resistance level. looking to place a limit sell at the resistance level and wait for the price to retrace back. Alternatively, you may camp at the h4 to wait for a sell signal when price retrace back to the resistance zone.
Price has probably reached a lower high and its going to make its way down again. At the previous top we have a nice bearish divergence. The market seems to have retraced within the Fib. zones. If you use bollinger bands in your strategy you'll see that your candlesticks are touching the top bollinger band. There's a lot of confluence in this setup so lets keep watch. :)
My basic Monthly and Daily chart analysis on the EUR.NZD Although the analysis is very basic i will know more into Sunday evening ( market open ).
My view EUR/NZD in time frame D1 Remember to see news high impact for EUR or NZD Thanks :)
Expecting a big impulse up towards 1.90 - 2.00 for the next 6-12 months.