EURNZD price dropped to 38.2% which serve as wave 4 attribute , and wave 5 is expected to start to continue going to the upside breaching the high of wave 3 and higher. wave 5 is 100% of wave 1
Key stats
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About Euro / New Zealand Dollar
EUR NZD (Euro / New Zealand Dollar)
The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone difficulties due to idle cash efforts to find strong, secure yields.
EURNZDWe´re waiting a reversal in this pair possibly for ending of today or tomorrow morning.
We´ll work with 2 pending orders in the levels shows in the chart and without stoploss till end of the week, because sometimes we put the stoploss friday evening.
Good luck.
Estamos esperando una reversión en es
Black Screen Meeting -Towers on weekly is what I call this Towers on weekly is what I call this pattern.
two big candles in opposite directions back to
back. Lets see this ride up its a up ticker.
The top comes off with a pattern like this
just gotta time entry and this should be it.
Buy stop 1.73748 for scalp EURNZDHi. I see a buy signal for EURNZD. Set SL base on your risk management. Thanks
EURNZD 3D Timeframe There is a good chance that we will se a reaction from the 1.75000 AOI
Confluences
2.9 years Decline Trend line
2.2 years Incline Trend line
top of a channel
Reversal point
-0.27 Fib target
1.57000 Round number
Possible bias for EurNzdIt already swept up liauidity, changed character and took out a previous high. So we await a possible retracement and buy
Potential upwards correctionAt least there are 4 confluences to support the idea:
1. The price is at an important support level
2. SO is at overbought level in 4H timeframe
3. RSI indicates a divergence in 4H timeframe
4. A harmonic pattern in 1H timeframes
Buy only after 15 mins market structure is formed HH and LH
See all ideas