FX:EURNZD   Euro / New Zealand Dollar
941 37
The EURNZD is in a down trend (weekly,daily,240) it is now consolidating in a triangle which will break out of the down trend .the target is the top of weekly trend! The best thing about wave pattern is, it allows you to forecast the next move with a high probability . Let me know if you agree with this chart (like ) or if you disagree (comment) I am open to all views!
huge move up to catch
+2 Reply
move up?
+1 Reply
I really want to see 1.4633 level to be broken to get a clear idea of an up trend. Will you be using trail stop as this market moves higher or are you just looking to get out near the top of the yellow trend line?
Hey anil, have you already entered into this trade?
anilmangal moneymaking
we took that trade in our trading room yesterday , already up 67 pips and stops moved to BE
+5 Reply
moneymaking anilmangal
Nice work :)
Technically looks like a signature buy. However, EUR is not showing a clear buy on the other eur pairs which is the only reason holding me back but Im definitely keeping an eye on it for a pop up and maybe enter then.
The trade is based on the wave analysis and i'm still expecting one more 60min wave up to either move stops to BE or take the profit (depends on how it goes there)
+4 Reply
do you think it will go up again or was it false breakout?
+1 Reply
KevinSinghDhaliwal KevinSinghDhaliwal
buy around 143.80?
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