EURNZD is approaching its support at 1.6419 (61.8% Fibonacci extension, horizontal swing low support) where it could potentially bounce to its resistance at 1.6513 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is approaching its support at 2.6% where a corresponding bounce could occur.
Near 1.6343 i will open buy if the price will make fake broke
Because
- 1.6343 - 3rd December low.
- low risk
- Potential profit will be in 5 - 7 times bigger that a risk
This pair is a large descending triangle. Reversing from top resistance and daily level
We have 2 possible entries, one of them is the 2618 setup and the other one is flag formation.
The line in the sand for the final target is 1.6420
Waiting for your opinions and likes. Good luck..
Hi there,
EURNZD is at the end of wave tw and struggling for more upside dont miss this fall.
How you can trade on this chart.
1. Watch top and look for sell before price fall and add more on Corrections.
Or
2. Wait for the price to fall and look for sell on Correction.
EURNZD is still on our plan of long trade.
Nothing has changed yet.
The red bottom is still valid.
And price is move upward as we wanted and want.
Just not a pair with a huge target that is going to finish in 1-2 days.
Less is more!
Hello Traders
My expectation is one more up impulse as C wave for the completion of the 2nd wave. That's why I'm looking for long trade setups. The last wave from the bottom could be the reversal impulse and after that, it made a correction. And it looks like it's making a lower degree reversal impulse now. So, I'm waiting for a correction to place an entry...
Fundamentals:
NZD
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EUR
- The pan-European Stoxx 600 finished provisionally up 0.35 percent with almost every sector in positive territory. Autos were the top performing...
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.
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