Looking to Short EURNZD on retest of trendline to form Head and Shoulders pattern.
My system showed my another short signal this time on the EURNZD.
Here is my quick scan of the market. Of course please don't just buy in Long/Short just because strength shows overbought/oversold. There is always more room to 0 or 100. 1Day: AUDCHF - 26 RSI USDCHF - 29 RSI USDSGD - 28 RSI USDDKK - 26RSI Honorable mentions: USDPLN - 30 RSI Rising ATR NZDCHF - 30 RSI USDNOK - 31 RSI High ATR EURNZD - 75 RSI EURSEK - 72...
I am expecting a sell setup. This pair went too high and I bought very low and made over 1000 pips. Looking at 15 charts rising wedge can be seen.
Hi guys, here you can see the 4hr chart on EURNZD, i'm about to short this market and i'll briefly explain you why: firstly, the black line stands for a daily & weekly level of structure, that acted as support in the past, secondly, the RSI is overbought in this timeframe and it's showing some divergence on the daily chart. In addition to that, there's an AB=CD...
Hi guys, here you can see the 4hr chart on EURNZD, i'm about to short this market and i'll briefly explain you why: firstly, the black line stands for a daily & weekly level of structure, that acted as support in the past, secondly, the RSI is overbought in this timeframe and it's showing some divergence on the daily chart. In addition to that, there's an AB=CD...
I see divergence formed on the MACD together with stochastic overbought condition. I anticipate a return to the previous support level.
EURNZD looks like at the top of a channel. Entry @ 1.60816 SL: @ 1.61406 TP1 @ 1.60420 TP2 @ 1.57715
EURNZD is currently bullish as the NZD fall... I'm expecting to keep going up and I will be SHORT at 1.60200. The reason is simple, BOLLINGER BANDS will be OVERBOUGHT AS F*CK and i see an ABCD PATTERN and an AB=CD PATTERN also. 500 PIPS trade! -- Good luck!
Expecting one more move down (C wave) to complete the correction before continuing on the long term uptrend.
The Reserve Bank of New Zealand was surprisingly more Dovish than expected. This caused the price of all NZD pairs to weaken. This is a simple trade. Wait for the price to retrace and then hop in. There are two good spots: 1.58500 & 1.58050. These are the 28.6% and 38.2% Fib Retracement levels and they are previous support/resistance lines on the hourly chart. The...
Three problems alot of traders face. Having the patience and professionality to trade this trends is the tough part. Thats where alot of people surrender if they miss an opportunity or two and escape afterwards to counter-trend trading, because psychologically the market is always offering you a counter-trend trade. In my view to trade trends, one has to be very...