Wait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success Looks clean, initial TP will be at the previous swing highs as indicated Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high Stops just below a key SR level, not risking more than...
From this point we are opening buy positions till the 1.73400 area🙌🏻
Market Commentary: LEARNING ELLIOTT WAVES IS LITTLE BIT TOUGH (FOR ME IN BEGINNING) BUT I TOOK IT AS A CHALLENGE AND THAT IS NOT IMPOSSIBLE ALSO... First have an look for the positional trend i shared here previous....if you are a follower of me...and sometimes i will share the counter trend trade also in 15 mins and 1hr...but that is risky ones...so if the...
Follow the chart Happy Tradings 💰
Evening Traders, Today’s analysis – EURNZD- trading above Local S/R where further upside is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci) - Daily S/R Resistance - Oscillators Extended EURNZD’s immediate price action is impulsive towards Local S/R that has been respected which is in confluence with the .618...
I will buy this instrument if I get a close of 1H candle above pivot. the ascending channel looks active.
I took this trade with the team before Christmas and it is now beginning to flourish. You will notice that price bounced from a prior support zone and has now shifted structure, this is a good indicator that bulls could be ready to take over.
Price is making a "retail" reversal pattern into an H4/M15 institutional price zone. Looking to buy up to the Pink zone (to take internal liquidity) or the blue star (if price wants to do an external liquidity grab).
EURNZD ANALYSIS Please consider to put a like to my idea for supporting me & subscribe for more ideas. Idea is not the financial advice!
EUR/NZD has made a perfect channel over the last few days and we are currently at the channel’s bottom. There’s an XABCD pattern, and with a positive news of a Brexit deal, I'd expect the EUR to gain in value in the coming weeks. Combined with the channel setup you see on the screen, I’m expecting reversal of the S/R zone. Targeting the channels top at 1.40, we...