EUR/NZD🇪🇺🇳🇿 The pair has been moving inside the Ascending Triangle. As the Golden Cross and Deep Stochastic oversold suggest the price is going to bounce from the Uptrend line. If you like the idea PLEASE don't forget to hit the LIKE 👍👍👍button Also share your thoughts and charts here in the comment ⌨️ section
Hello everyone I am looking to go long on EURNZD next week. As a disclaimer I am not a financial advisor and take this information at your own risk. What I see is price is following a channel over the last week and we have three rejections to the top of this channel. Price has made its way down to the 1.71 area where it has previously rejected. I am expecting...
The pair is at a key resistance. I am looking for continued rejection to drop to next key support as shown on chart. A retest of the top support is possible before a drop. A break through top resistance will sentiment towards bullish trend continuation. MACD and RSI are in their pivot zones for a reversal but also have much room for a takeout and continuation. My...
THIS IS THE UPDATED VERSION OF MY PREVIOUS ANALYSIS. WAVE 2 IS STILL IN PROGRESS( AN IRREGULAR FLAT CORRECTION). HOWEVER WAVE 2 CANNOT OVER 100% OF WAVE 1 WITH PRICE CURRENTLY AROUND THE 78%. EXIT THE BUY TRADE IF WAVE 2 RETRACES 100% OF WAVE 1. TECHNICAL TAKE PROFIT IS THE PERPENDICULAR DISTANCE BETWEEN THE WAVE E AND THE UPPER TREND LINE OF THE TRIANGLE ADDED TO...
Beautiful 3rd touch of the trendline at the golden fib zone. Let me know what you think of eurnzd
BEARISH MOMENTUM ON EURNZD RETRACED TTO THE 50% LOOKING TO HEAD LOWER.
🔸 Good Morning traders! Today we want to share with you our trading idea in the EUR/NZD pair. It is a Swing idea, which implies that it is a movement that will probably take weeks to resolve if the direction is correct. 🔸As we can see, a few weeks ago, the price generated a break in the Ascending Channel that had been valid for approximately two years. 🔸After...
Expect to see three correction waves flat or zigzag or even triangle. The target is 38% of declined wave.
BREAKOUT OF THE SHORTTERM BUY TREND IN A LONG SELL TREND.
The pair found resistance at the 38.2% Fibonacci level of Blue wave 4 vs 3 which also doubles as the end of the previous 4th wave which is an important guideline for corrective patterns turning points. HOW TO TRAD THIS. Wait for the pair to break out of the channel before you look for sell signals in order not to be caught on the wrong side should in case of...