FullTimeTrader
Long

EURNZD-confluence of channels

FX:EURNZD   Euro Fx/New Zealand Dollar
1425 7 35
After a strong decline last week this pair is about to make correction.
Here on H4 chart we have a nice confluence of two corrective channels.

We have also:
- AB=CD pattern
- ema 200 acting as support
- round number 1.75000 (the label on the chart is not correct)

Today price opened with a gap. I will wait for this gap to be filled and place buy limit orders at 1.75000

The pullback should not be very deep so im placing a short term target to take partial profits as soon as possible. The other two targets are optional and depends on each trader's MM.

Best regards.
nouman
a year ago
i think it will up from there channel setup
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Hello FullTime!!! Very nice call! Do you see it running to the top of the channel at this point to complete wave 5?
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FullTimeTrader Heelfan23
a year ago
Hello, i think the pullback to tthe upside is limited and the i expect a strong decline if you see the D1 chart. Regards.
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waqassab FullTimeTrader
a year ago
hmm. then we'll wait for any short entry analysis by u very soon...
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perfecto (Y)
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KVE PRO
a year ago
Very nice!
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CosimodeGioia
a year ago
Bravo! I'm a begginning trader and impressed by your skills
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