EURNZD is my favorite asset. I still believe in HUGE potential.
If you follow my ideas you know that I am strong Bull in EURNZD. I have had loses because of it recently however I still do believe in it's HUGE rising potential.
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling exist, but I am in a long position despite of it.
2. ABCD with 1.618 extension. The most important sign for Long as for me. It doesn't looks so nice because of flat zone last months but nothing is perfect in the world. No reason to close eyes on this strong figure.
3. Correction for February 2009's high. The 0.618 correction is also very strong pattern.
So, what could we see here? 3 very strong models (channel, ABCD and Fibonacci 0.618). Now tell me is it possible to Short EURNZD in such stage? As for me it is a rhetorical question.
I have asked community in my last ideas if history repeats itself in a trading. I don't know the answer for this question but if we look careful on recent high in August 2015 it is very nice round number as a high price... 1.85555... so if the history in a trading repeats itself ... could we see very nice number as a new high again? Why not?
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling exist, but I am in a long position despite of it.
2. ABCD with 1.618 extension. The most important sign for Long as for me. It doesn't looks so nice because of flat zone last months but nothing is perfect in the world. No reason to close eyes on this strong figure.
3. Correction for February 2009's high. The 0.618 correction is also very strong pattern.
So, what could we see here? 3 very strong models (channel, ABCD and Fibonacci 0.618). Now tell me is it possible to Short EURNZD in such stage? As for me it is a rhetorical question.
I have asked community in my last ideas if history repeats itself in a trading. I don't know the answer for this question but if we look careful on recent high in August 2015 it is very nice round number as a high price... 1.85555... so if the history in a trading repeats itself ... could we see very nice number as a new high again? Why not?
Trade active:
Excellent dynamics, so let's do hope for a best!
Trade active:
Good week to every trader. Super profitable trades and lot of success!
Comment:
Not a promising Daily candle, looks like could fall more.
Trade active:
Price has bounced from a bottom of a channel on 4h, so let's do hope for a best!
Comment:
poor dynamics, so could fall a lot. :(
Trade active:
Good trades to everyone!
Trade active
Trade active:
Nice chart. Perfect dynamics. Good luck to everyone!
Trade active
Trade closed manually:
I close it and look on further dynamics.
Trade active
Order cancelled
Trade active:
I would prefer to make a new try and long it careful again.
Order cancelled:
Unfortunately poor dynamics again. I have closed all longs positions.
Trade active:
I do one more try to long a pair. Attention: A crazy risk here now - if you have poor Risk management or have just started to trade - better stay away.
Order cancelled:
I have closed longs.
Trade active:
A day has started promising. Next attempt to long a pair.
Order cancelled:
Price has just returned back into a flag. :( What a see-saw :( I have closed longs again.
Trade active:
I make one more try to long a pair. :)
Comment:
I suppose that ANY position in a pair is very dangerous now!
Trade active:
Not so perfect dynamics, but I do still keep longs.
Trade active:
I have just added.
Trade closed manually:
I have closed it.
Trade active:
I try to long again. If falls below 1.667 - I close a trade.
Trade active:
Still keep a position.
Trade active:
Price has touched a bottom of a channel, so I try to long a pair again.
Trade active
Trade active
Trade active:
Good dynamics recently. Let's do hope for a best!
Trade active:
Superb dynamics!
Order cancelled:
I don't like a divergence on EURNZD 30m chart. :( So I have closed this trade.
Trade active
Trade active
Trade active
Order cancelled:
The dangerous asset. A rigorous risk management is mandatory.
