EURNZD-confluence of channels

FX:EURNZD   Euro / 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.
Bravo! I'm a begginning trader and impressed by your skills
Very nice!
perfecto (Y)
Hello FullTime!!! Very nice call! Do you see it running to the top of the channel at this point to complete wave 5?
Hello, i think the pullback to tthe upside is limited and the i expect a strong decline if you see the D1 chart. Regards.
waqassab FullTimeTrader
hmm. then we'll wait for any short entry analysis by u very soon...
i think it will up from there channel setup
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out