Get started

EURNZD-LONG

EURNZD STRUCTURE LONG TRADEAs always, patience pays the bills. I personally don't like taking trades for the sake of it. I wait until I have a very high probability of being right and I make sure I win more when I'm right than I lose when I'm wrong. Here is a lovely little set up on the EURNZD. Daily timeframe showing massively oversold at a Major structure level being tested. Loss of momentum shown by the descending channel and divergence on the RSI indicating a relief is due. Thesis is that we should see some buy orders filled here and a small rally up to at least the start of the channel formation before locking in some profits. Secondary targets at the next previous structure level. Great couple of weeks in the market especially thanks to the GBPJPY. Up 7%. Lets finish on a good one!. See you guys in the platform. Have a great day. Jason G
Long
by JasonGraystone
3
Long EURNZD in the longer termThis pair has broken out of a several months long megaphone pattern, and is now proceeding upwards. We can look for price to move towards the 1.845 area within the next several months or so. Likely not by the end of the year, but perhaps within 6 months. NZD remains weak and we have yet to see if it will recover or fall further. It's my belief that the NZD will fall even further though, while the euro remains neutral to bearish. I'm bearish on the Euro, but I don't think it is quite as bearish as the Kiwi. Do your due diligence before trading. –Osbetel
Long
by osbetel
Long on EURNZDA Bullish pennant pattern spotted on OANDA:EURNZD , along with a Hidden Bullish Divergence found at the .618 Fib level of the June 28 bull run which started the pennant following an even stronger bull run started June 14. Stoch also on under sold territory. Measuring the distance from the previous high of the move that started the bull run on June 14 up to the bottom of the pennant which is also the high of the move started June 28th we have a range which we will carry over to look for a target. Our target will be measured from the high (1.71608) of the bear run into the .618 fib level (Using this high as a conservative measure) We have our main target is at 1.74334 My entry 1.71414 SL 1.70653 ( Fib level .786 ) Entry 1,71414 SL 1,70653 Pip count Pips Lost 761 Profit Target 1 1,72319 905 Profit Target 2 1,72968 1554 Profit Target 3 1,74334 2920
Long
by JustinMaboshego
EUR/NZD - BARRIER TRIANGLEThe possibility exists that the pair could take off without forming the E leg of the formation. For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Entries, targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
Long setup on EUR NZD - - Double bottom Chart pattern 3 Different signals about to completei, indicating a big chance for an Uptrend: - Double bottom Chart pattern completed with a 4h green candle closing above the neckline - Parabolic SAR dots under the most recent 4h Candle -Our 3rd indicator would be the 20 SMA line 8 (in yellow) needs to cross above the 40 SMA (in Brown) and all the setup would become highly indicative of an Uptrend starting to develop reaching for Tgt 1, and then high probability of reaching Tgt 2 Tgt 2 Good Luck and BIG profits to all ==== If you have any comments about this setup please feel free to share
Long
by Memo_Mountain
EURNZD - HEADING FOR HIGHER HIGHS?According to my wave count I can see the pair edging higher and potentially retesting the 1.8000 level which also acts as a psychological level. We also got a breakout of what seems to be the total / partial correction of wave iv I would be looking to lock on profits as soon as the price reaches the highs of wave iii in the case that we get a truncated 5th wave or in the case that my count is wrong and we end up seeing wave iv being a flat correction Apologies for the inactivity as was away on holidays in Italy. My personal details: Long @ Entry: 1.7010, SL: 1.6600, TP: 1.8000, RR: 2.41 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
EURNZD LONG setup. The price follows a trend channel for now.. the resistance line in the trend channel have ben hit twice. and probably will hit it the third time. therefore completing a trend channel cycle (hitting 2 times support and 3 times resistance line) If the price breaks 1.71528 we will see the price to follow the 5 wave sequence. which is 1.13 on fibonacci drawn from ((i)) to ((iii)) if the price fails to break the 1.71528 level than we could see a consolidation back to 1.65318 ish Wave ((iv)) hits 0.707 on fibonacci levels. TP will be 1.78891 SL at 1.67206
Long
by Fx-AlphaStrats
EUR/NZD - CLASSIC TREND CONTINUATION (TC) SETUPNot much to say other than we could be looking at the pair to go back up to the 1.7475 level. Reasons to Buy: 1) Hammer candle on the Weekly TF 2) Double bottom at the retest of the broken structure level 3) Weekly RSI oversold 4) Daily Bullish RSI Divergence 5) D + 3D Bullish Engulfing Wait for a pullback in the shorter TFs such as the 1H before buying in order to get a better entry point. Long @ Entry: 1.6750, SL: 1.6650, TP: 1.7475, RR: 7.25 For risk and money management purposes, always determine a max. of 2% risk on every trade. For example on a $50,000 account, this would be equivalent to 1,25 Lots with an 80 pip stop loss. Targets and closure of positions may be subject to alteration throughout the course of the trade. This is due to the ever-changing and unpredictable nature of the market. This post is set to be used and serve as an example and in an educational manner and is not to be taken as direct investment advice.
Long
by Aqua_Trader
2