My basic daily & 4hr chart analysis of EUR.NZD into this evening. I will be updating this pair through the week on the 4hr and 1hr TF.
Bat Pattern B: 0.382 - 0.50 C: 0.382 - 0.886 D: 1.618 - 2.618 (1.618, 2.00, 2.618) Final X to D: 0.886 AB= CD extension 1.618, 2.00, 2.24, 2.618
A short opportunity might be coming the next days at FX:EURNZD . Signs for a good opportunity are, that the D point of the formation is right in a strong S&R zone. The potential target 1 is above and target 2 is right in lower S&R zones. Also the price action showed some very steep bullish moves the last days and RSI in H12 is already 74 which indicates the...
Pending Order Sell Limit 1.47790 SL 1.48041 Take 1) 1.460241 Take 2) 1.451817 Price is in the Channel, I expect short from the resistance line If the price leaves the channel, there is a probability of occurrence of long
Eurnzd trading around 1.4720 its breaks its strong support zone now trading below 1.48 if hold below 1.4850 we can see toward 1.44-1.45 level Advice to sell in range of 1.4720-1.480 sl above 1.4870 TP 1.4530-1.44
Hey guys, this evening i'd want to share a setup that i will closely look at in the next few hours and probably on Monday opening. This is a 2618 trade that's forming on EURNZD. If you're not familiar with this kind of formation, it basically consists in selling/buying the 618 retracement of the leg that breaks the double top/bottom's neckline. Essentially it...
Chart clearly shows its retesting previous support, will surely be rejected temporarily. Will be a quick short move.
FX:EURNZD Confluence between fibs and overbought... Where are the Bears when "we need them"? For this to work, they need them to start to bid lower than my price ;) Safe Trades;
EURNZD will either break the channel and continue short or it will reverse. The general trend is downwards but I have a feeling it might do a reverse and rise shortly before dropping again. It looks oversold. I'm waiting to get a confirmation before going in. Break of trendline if short, break 10EMA if long.
On the EUR.NZD 1hr chart we have a potential short opportunity at the D leg completion of bearish Cypher setup. The price reversal zone on this pair is between 1.4882 & 1.4951 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher setup placed at the .382% and .618% retracement...
Hey guys, another advanced pattern formation i'd like to share with you today. As usual, my analysis starts from higher timeframe: the black line represents a daily structure level that's just been broken to the downside by priceaction. Being that, i know i expect a bearish continuation to the south and i want to get involved in short trades if i can. This...
the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.
Going Short Below the Daily 200 SMA Below the Weekly 200 SMA Below the Daily 50 SMA Below the Annual Resistance Below the 52 Week High Below any Major Pivots Optional Below any prominent round numbers or / S&R Below the Trend Line Pullback or Continuation Bounce off resistance (either trend line or SMA) Bearish indecision or reversal...