Maybe we will see a move upwards for this pair, this and AUDNZD we have been watching for a long time and bought at very low levels. Still looking for additions as more pips with a risk adjusted return philosophy is paramount. Both risk seeking and risk averse at once (fractal mind state) 0.00000 cognitive dissonance. Happy trading guys
EUR/NZD SHORT Sell at 1.52795 TP1: 1.51350 TP2: 1.49031 TP3: 1.45300 SL: 1.55414
DON'T FORGET: Today RBNZ Announcement!! Manage your position or put stop loss at breakeven... Potential harmonic structure in development... Thank you for your support and trade with care!
SPECULATIVE = 50% size reduce (Money Management) Our Analysis & Setup Plan: Thank you for your support and trade with care!
The EUR has been eating the New Zealand Dollar with a vengeance since Feb 23rd We have seen since then a slight pullback to the 0.23 Fib and then a fail to retest the high of 1.5452 We will enter LONG if the High 1.5452 is compromised and also enter Long is we get another bounce off of the 0.23 fib level we also looking at the 0.38 level & 1.5127 area for a...
Looking at this trade setup for the week, have a double top and divergence on the MACD indicator. EUR has been losing strength recently, while NZD is gaining in strength, which makes sense to pair these two up together this week. I always give my stop loss a little room to breathe, so I will be placing my stops at the 1.55 key level. Once price drops down to...
After a strong bearish trend, we have a very precise double top formation which shows price struggled to make a higher high. I have placed a neckline for entry and entering a short position traditionally putting the TP the same length from neckline to the double top.
Would like to see it reach the supply & demand zone maybe consolidate, do a false move high and drop or just drop right out of consolidation.
Very confusing picture for this pair with several key levels around the current price. The 200 sma on DTF is supporting at 1.5230 and 1.5287 also supports. A break south of these levels would suggest a more sustained move south. Daily and Weekly TF's are BULLISH but H1 and H4 are BEARISH. Monday could set the direction for this pair. A sustained move above current...
Last week we already reached TARGET 1, but the trend remains bearish , so it is logical to think about TARGET 2, around 1.5030. From the technical point of view, each bounce is to be considered as a SELL OPPORTUNITY. Stop above highest. Our last PLAN/SETUP Thank you for your support and trade with care!
The USDOLLAR has broken out after rejecting a major area of resistance and subsequently lowered the value of the NZD across the board. I've been watching this develop for sometime after seeing the wedge pattern and divergence as well. I am long at 1.489. Stop loss is 1.479. Targets the 1.58 area and maybe further. A potential of 10:1 on this trade.