jolicoeur342

EURNZD - CRITICAL LEVEL (UPCOMING WEEK SETUP, SEPT 4th - 9th)

FX:EURNZD   Euro Fx/New Zealand Dollar
1240 16 30
I was expecting a HUGE UPTREND but now the market is on CRITICAL LEVEL.
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DOWTREND POSITION
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if the market goes down, we want to buy around 1.51000 until the retracement to go re-test the trendline .

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UPTREND POSITION
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If the market break above and get back in the channel we are going to be looking for a BUY position until 1.55 short term and medium term 1.57!

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Simple trade, we must be patient, but trading is all a question of patience and wait for the perfect setup
Its pretty simple because now we have either bull or bear but anyway both way we are going to make money!
Make sure to LIKE and FOLLOW for more ANALYSIS.
I will also make sure to ANSWER every COMMENTS/QUESTIONS below =)
Comment: I bought, GAP up confirmed me that NZD is getting really weak!
Comment: LONGER TERM VISION
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Comment: Another UPDATE, just to make you feel better about that buy =)
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Do you normally use daily time frame for your trades?
+1 Reply
jolicoeur342 PRO KukuMoshoeshoe
Daily, less risky, more pips!
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Am in this one long, as you said expecting it to go long last week, I'll set my stop higher to minimize the damage if it goes further down. Thank you for the chart
+1 Reply
jolicoeur342 PRO monzeraljarkas
Just updated!
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monzeraljarkas jolicoeur342
Am out
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+1 Reply
jolicoeur342 PRO monzeraljarkas
You are out? you got emotional! Rule number one to lose money!
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talha.asghar.37 jolicoeur342
so what the current senario on this EURNZD ?

+1 Reply
jolicoeur342 PRO talha.asghar.37
I bought yesterday! Remember the market makers knows that we know that NZD is going to go really week, so before going in the proper direction, they try to play with your mind, but it will go UP =)
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I believe the reversal might happen between 1.5200-1.5220. Moving below 1.5150 nullifies the bullish view for a short while.
+1 Reply
jolicoeur342 PRO nikolasbertolini
It is happening now!
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at time of writing, nothing suggesting this is going long on the daily...
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You want to BUY EARLY and EXIT EARLY, you must understand that even without candlestick pattern you know where the market will reverse, we have a monthly zone.
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derby jolicoeur342
appreciate what your saying, with the stops as big as the ones you are using on the weekly chart you publish this is very possible.
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That thing is going to heaven :)
+1 Reply
jolicoeur342 PRO patogarcia912
Of course ! haha
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What are your expectations as it currently below 1,5193? Till what point do you think it will drop before we get the break out?
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