awaiting a touch between 61.8 and 71.00 for a long position looking for a pull back to fib retracement. then i favour a long to target 1 or possibly weekly resistance at 1.6925
EURNZD-LONG
EURNZD_1D_BuyAs I depicted in the chart, the pair has broken the downtrend channel (red channel) and may make a new uptrend channel (green channel).
What do you think?
EUR/NZD 1000 pips tradeEUR/NZD bounced off an important weekly support. It seems that we have great opportunity on our hands to buy that pair and hold it for a couple of months. I will be looking for 1.78 region to take profit (unless something else forms along the way). Also stops should be placed below the support level (don´t forget to leave enough space for price to breathe)
Long Position For EURNZDEURNZD was moving in the Descending Triangle Pattern. Every time this pattern formed, the potential for the next movement is between it breakout to the Top Channel or Bottom Channel.
But since we have a good tail for the incident in the Support Channel. I think its good for us to open Long Position, therefore I decided to open Long Position :
BUY @1.6415
TAKE PROFIT @1.6550
STOP LOSS @1.6350
It may go up, it may be not.
This is just an analysis and my perspective. This is not a signal or a suggest, so trade based on your own favor :)
Good luck!!!
Cheers!!
THE EURO AND KIWI TRIANGLE BREAKOUT!EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded.
we hope you enjoy some profits from this trade opportunity... Our first target is the previous support area where the sl is of the current long trade and ur second target is the -1.27 extension of the whole impulse move, marked above on the chart.
Reversal o Expecting to go up
o Sellers running outta steam
o Buyers bout to be on roids
I will adjust profit targets as I watch price action
and change price targets accordingly. lets get it.
EURNZD - HIGH PROBABILITY SELL SETUP - LONG TERM TRADEEURNZD is currently correcting and is looking to give us a long term down move. Before we get the long term downside we are looking for it to reject from the highlighted area.
The overall pattern we're looking for is a regular flat pattern.
EURNZD BULLISH BAT AND WEEKLY RESISTANCEFX:EURNZD Has formed a bullish bat. The price is on the low support bearish channel and on a weekly support as well. The RSI is oversold and the strength of NZD is high, could go down and EUR strength is a bit low and could go up. The price can reach 50% fibonacci of main trend easily, even broke the bearish channel to start a up trend in a daily timeframe
EURNZD buy setup!Hi, as you can se EURNZD made an up impulse and we broke the trendline. Now it's making 15 min flag above that trendline. So, take that breakout. I'm looking for bigger C wave in the bigger picture. We have divergence on all timeframes! Please, don't miss this one! ;)
BONUS: Don't forget on NZD news (high impact) in 3 hours!
Make the bank rolls! :D $$$$ ;)
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Thank you for your support!
All the best,
Antonio
EUR NZD REVERSAL ON MAJOR SUPPORT ?Eur nzd recently reversed on the major key level of 1.65550 and it's probably set for another rally up to the upper trendline. We set stops just below this level, because if it breaks it, this could sink rapidly much lower. Targer is visualised on the chart and is as said the upper trendline. It is also nice risk:reward ratio if this plays out in our favour.
EURNZD - Low might be in - Awsome Long oppotunity with >1:6 R/R!We are in a larger red ((abc)) correction and currently in wave ((b)) of 2/B.
Price is unfolding as a complex (wxy) correction and we have reasons to believe the low is in.
We should therefore see price go up in impulsive fashion (5 waves up) for red wave ((c)).
Why the low might be in :
* Wave (y) turned around at the 61.8% projection of wave (w) to (x)
* We can count an (abc) move in wave (y) and 5 waves for each of those sub-waves and the Fib proportions are also met.
* We can also count 5 waves to the upside for brown wave i.
Ideally, it's best to wait for a clear upside confirmation, turquoise wave (i) and (ii), but I don't want to give up much of this move and am willing to have a small risk therefore.
Will start with a rank 3 position and scale up when possible.
Trade Setup :
Entry: 2 possibilities - We enter on the brown wave ii, which should find support around 1.6600
- We wait for price to turn higher and make an entry once price goes above brown wave i high.
Stop: - Entry 1: 1.6528
- Entry 2: below brown wave ii.
Targets: 1) 1.7125
2) 1.7310
(those will be updated if necessary).
!!! If price moves lower and takes us out of this trade, does not mean the count gets fully invalidated.
We will have to look to buy again at a lower price.
eurnzd BUY H4WAIT ON A BULLISH ENGULFING CLOSE ON H4 TO ENTER A BUY SETUP, ELSE BUY SETUP FAILS. GOOD LUCK!
