Going for the Long Haul (Position Idea)Although this is not one of my pairs I normally trade, I decided to mark this chart up to expand my portfolio (for one). And two, this mark up signaled a long position opportunity.
Eurnzdlong
Eur/Nzd (Weekly Levels)Using Auto Support And Resistance, these 3 take profit levels are the areas that I’m targeting on this 500 plus pip swing trade.
If you look on the monthly chart , it is also easy to see that the area we pushed up from last week (see that analysis below) was a monthly support area.
So these are my levels. The 3 Green Lines
I have opened 3 buy trades with 3 take profit levels
EURNZD, daily timeframe, buy on strong support rejectionHello my friends,
I just found an interesting opportunity at EURNZD pairs. This pair has been going down for 600 pips from the recent rally. In my opinion this looks like an exhaustion after a fierce 1100 pips upward movement.
I tried to analyze this chart using fibonacci retracement and this pair seems to respect 61.% fibs retracement.
There is also ichimoku cloud support, horizontal support and EMA-200 at this 1.7600-1.7550 area so we could say this is an area of confluences.
I am going to buy EURNZD at the beginning of Monday to try this opportunity.
Buy EURNZD 1.7590
Stop loss 1.7450
Take profit 1 @1.7730
Take profit 2 @1.7870
Take profit 3 @1.8010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
EURNZD Buy ideaEURNZD nearly formed an inverted head and shoulders if break above neckline very good RR
EURNZD - Inverse H&SPotential inverse head and shoulders pattern forming here, let's see what happens next week.
According to COT data source - 63% long
Potential move on the EURNZDIf you have any ideas as to what could potentially happen you might as well share
Long on PullbackPotential long opportunity on broken descending TL retest in confluence to our 0.5 fib retracement and previous level of resistance which is now acting as support. MA50 is also supporting the momentum shift pretty well so I’m hoping for a rejection near that area of confluence
EURNZD LONG$$$$ BIG MOVEGreetings everybody!
I am pleased to show you this nice set up, which I'm currenlty up about 85 pips secured and is still running.
Currently as you may see, there is a nice trend line being respected, which I am aiming possibily for next week to be fully respected as a new support.
This nice Crab Pattern is showing very nice structure combined with Elliot Waves wich in my opinion, there is no better duo than these two.
Next week I am projecting very big moves in all forex pairs as some of them have to continue with their impulse.
Happy trading everybody!
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Saludos a todos!
Me complace mostrarles este analisis de EURNZD para compras en donde actualmente llevo mas de 85 pips asegurados, y sigue corriendo la operacion.
Como pueden observar, hay una linea de tendencia (del patron armonico) que todavia esta siendo respetada. Estoy apuntando para la proxima semana que este sea roto y que esta zona se convierta en un muy buen nivel de soporte para continuar con su impulso hacia la alza.
Les deseo a todos un feliz fin de semana!
Felices profitss!!
$$$$$$
EURNZD Counter Trend Buy IdeaEN has been flowing in a heavy downtrend but has now created a new high, will wait for price to come back and retest the previous resistance level as support. Overall trend of this market is still bearish so I will be looking to closing positions at the previously broken swing low
EURNZD - Using StructureWe are keeping a close eye on this pair if we manage to break the respected structure then we can look to buy from the re-test as illustrated.
According to COT data source - 79% long
EURNZD buy ideaDisclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
EurNzd outlookAs I've expected, EurNzd found a top at 1.82 area. The pair drop aggressively after a few attempts to reconquer 1.81 and mow seems to have found support at 1.78.
A correction could follow from this point and 1.7950 is now resistance.
Strategy:
Buy short term towards 1.7950 with SL under the recent low.
Wait for correction to end and sell for a continuation of the drop to 1.77
EUR/NZD Long On the daily time-frame there is a clear ascending channel, price has just bounced off of support, and i'm expecting bullish movement to at least 1.81500+. What do you guys think will happen next?
Do you keep LOSING? I know why!1.79000 is the magic number on this pairing, yes you guessed it good old simple support and resistance level... See how simple it really can be? I hope i am drilling it into you that SIMPLE REALLY IS BETTER!
Do you find you keep losing and cant turn a profit in the markets? i hold all the answers. This is down to your mindset that has been programmed rite from the moment you were born by the people closest to you. They didn't mean no harm and probably didn't even know they were doing it, but i can help rewire you mind!
Come have a chat with me, i look forward to speaking!
