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.
i think it will up from there channel setup
Reply
Hello FullTime!!! Very nice call! Do you see it running to the top of the channel at this point to complete wave 5?
Reply
Hello, i think the pullback to tthe upside is limited and the i expect a strong decline if you see the D1 chart. Regards.
Reply
waqassab FullTimeTrader
hmm. then we'll wait for any short entry analysis by u very soon...
Reply
perfecto (Y)
Reply
Very nice!
Reply
Bravo! I'm a begginning trader and impressed by your skills
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out