After a through analysis, I have found out a potential shorting opportunity for EUR/NZD. We should wait for a pullback before we sell. The pattern which is actually looking like a Head & Shoulders (SHS) is actually called a "King's Crown" . A SHS is called a "King's Crown" when the left bottom is taken out by the right bottom. You can start selling @ right...
Hello Traders ! just saw this pair and found it on all time low + near to demand zone guys. this seems to be the pair to buy this year. keep and eye and add your buy positions after every retracement thanks.
Looking upside breakout from wedge. However keeping mind coming elections in April, which could turn euro lower. NZD could be little overpriced so correction might be possible.
EURNZD will either break the channel and continue short or it will reverse. The general trend is downwards but I have a feeling it might do a reverse and rise shortly before dropping again. It looks oversold. I'm waiting to get a confirmation before going in. Break of trendline if short, break 10EMA if long.
Hey folks, Here's a move I have been analyzing since Novimber 2016. And now all the patterns indicate the start of the new impulse. ABC correction almost done. C wave is a perfect 5 wave impulse down and the fifth wave is an ending diagonal. The main correction is even an ending diagonal; however, we are looking into the small timeframes for those. I will...
Test and fail of the downward trend line, as well as 2nd test of 50 Fib level, indicated a valid short entry. Price breaking and closing above/below any of the trend lines would mean that this setup no longer valid. Good sell opportunity until 1.4800
WE SEE EURNZD REPEATING THE SAME SCENARIO TWICE AND NOW IS FORMING THE SAME FOR THE THIRD TIME ! BOTH TIME THE RETRACEMENT WENT NOT MORE THAN 0.5! SO AT 1.52800 IF TH PRICE BOUNCE BACK I WILL ENTER A SELL ORDER WITH SHORT TP @ 1.51800 AND LONG TP@1.50200
Looking for pretty good trade in coming week if breaks consolidation above & target will be 1.55. If breaks down don't worry it will come back to up. Trade with your own risk.