FX:EURNZD   Euro Fx/New Zealand Dollar
6094 34 235
Hello Traders, this setup looks good. Please use a tested strategy to trade, do not use any strategy you haven't tested yourself.
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Trade with care
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Comment:
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I'm waiting for breakout. So from your advice, do we need to keep floating until first week of August?
Reply
dmoss TanSY
I cannot say, signals are noise anything might happen, but it still didnt break the downtrend channel, so you better move your stop losses so that you dont loose money.
+1 Reply
Will this raise again? I forgot to get TP :'(
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dmoss failchicken
You didnt buy 1.545?
If you are in
TP target1: 1.57
TP target2: 1.61
+1 Reply
TanSY dmoss
I set my TP at 1.60
Reply
If it doesnt breaks the high at 1.5648, and forms a lower high - a buy will be coming in between (1.545 to 1.575)
Observe the structure it looks like its going to retrace, and if you look at stochastics you will find divergence in fast stochastic and overbought in slow stochastic for the 30 min chart + the mini trend down broke on the 30 min chart.
I would suggest you guys to use fibs, from the last high in the channel by Mr. Mangal to the lowest low. Observe on the levels which were rejecting the price to make a low below or high above, and you will find a Head & Shoulder pattern.
Sorry guys im doing this from a cell phone, or would have posted an image instead.

P.S. I might be wrong Trade at your own Risk
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dmoss dmoss
#DO NOT FORGET TO WATCH THIS GUYS WEEKLY WEBINAR THEY ARE PACKED WITH INFO!
VIDS ON UTUBE JUST SEARCH anilmangal

GREEN PIPS TO YA'LL
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Anil, when i looked at this pair last week, I saw a down move to 1.5518.
It needed to do this (which was a bullish move).
Once this is over, it should move up Impulsively.
Sooooooooooooooo glad you're back in your old chair again :)
Reply
andreas1 Cazzie
Cazzie can you explain me why you see the down move to 1.5518? i cannot see the counting for this...at any case you are very close to rich it :)
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Cazzie andreas1
Yes Andreas 1. This view is only my personal one based on my analysis. I know the pair is almost at the 1.5518.
I see the structure as an Inverse one. It made a pullback low similar to the one on the left side. That level is 1.5518 or thereabouts. :)
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