EURNZD broke below the multi-days bullish channel, all short term momentum indicators are suggesting more to the downside, so I am looking to short it around 1.6534-63 for a target to 1.6333. Stop above 1.6629
Hi guys, this is quite simple, it's a bat formation that's setting up on the 4hr chart and its D point it at a daily structure. This is why i'm very carefully looking at this pair, waiting for price to come back up to sell. Let's see, i'll keep you updated! If you have any question/idea, feel free to comment below. Otherwise, see you in the next chart!
Hi guys, this is quite simple, it's a bat formation that's setting up on the 4hr chart and its D point it at a daily structure. This is why i'm very carefully looking at this pair, waiting for price to come back up to sell. Let's see, i'll keep you updated! If you have any question/idea, feel free to comment below. Otherwise, see you in the next chart!
On the 4 hour time frame EURNZD has potential to bounce back up from its support level. If you want to trade this bounce back use a 60 pip SL and put your TP on 1.8380 for some good pips of profit.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Hi guys, after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to...
Hi guys, after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to...
Gartley pattern completed D Leg on Thursday 3th of August and has since moved down about 120pips of the potential 400+ This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you...
For those of you who missed the initial entry on the EURNZD 4H chart (after the trend line break), will now have a second chance to enter. We are hovering over a strong flipzone that needs to be broken first with a high momentum bearish candle in order to enter. Do not do mid-candle decisions, wait for a clear break and be patient.
Using Top down analysis I have a Bearish Bias for this pair you can clearly see an overall Double Top Pattern on the higher TF's I am currently short with my SL above 1.62806. TP Targets are set yet awaiting more bearish price action. On h1 there is a smaller Double Top which I made my entry on. Also my pending was triggered @ 1.62248 which gave me a perfect wick...
Hey guys, just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns. If you want to share your idea or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Hey guys, just wanted to let you know what i'm looking at this morning, a bat pattern completing right a daily structure zone on the hourly chart. Stops above X, targets as usual for harmonic patterns. If you want to share your idea or ask questions, feel free to comment below. Otherwise, see you in the next chart!
EURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in...
Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further. The 1W chart shows...
Our EURNZD Long was based on trend continuation + indicators, however, we played it against a forming H&S pattern, which has now completed on the daily chart. Our Long has not stopped out so I will be keeping my Long open in case of a recovery and continue to monitor the situation. However, if my short does get triggered then I will favour the H&S and may decide...
After a through analysis, I have found out a potential shorting opportunity for EUR/NZD. We should wait for a pullback before we sell. The pattern which is actually looking like a Head & Shoulders (SHS) is actually called a "King's Crown" . A SHS is called a "King's Crown" when the left bottom is taken out by the right bottom. You can start selling @ right...