NEW ZEALAND DOLLAR / EURO

CYPHER & ABCD so we can go SHORT trade

Price is testing the previous resistance. watch for the price action, if does not break below then watch look for buy and aim for the above GAP.

Sell the breakout of the Ending Diagonal Bearish Alt. Bat

Euro is starting January with a selective middle ground. Great against weaker currencies like USD and GBP and weak against stronger ones like AUD, CAD, NZD. Euro is practically nowhere with Yen. Great for range trades but sticking with EURUSD EURGBP as longs and shorting Euro with AUD/CAD/NZD.

Selling

Short opportunity

Hey traders we are looking at pretty good Gartley pattern backed up by good resistance Lvl and RSI undersold. My TP is set at 0.382 retracement

This could be the TIPPING point for the New Zealand Currency. Now, to find a currency to exchange with it that is moving up. Candidates: USD...still thinking....

NZD is a short against its main trading partners. The uptrend in this biweekly chart exceeded the target and ran right into the previous downtrend mode, so it'll naturally come back down to the uptrend mode at the very least. Look for prolonged weakness in NZD crosses, and exploit it. Thank me later... Check out my updated track record here: ...

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Kiwi Dollar has suffered a lot from: -RBNZ rate cut -China stock bubble implosion -Global equity risk off fueled by Greek and Chinese crisis, hurting high yield currencies From a fundamental perspective, on the following weeks: -Greek debt crisis will be solved -Chinese stock crisis will stabilize as PBOC has been cutting rates and is ready to intervene ...

Idea is based on Elliott wave theory. The chart contains the rationale and target/stop loss. Good luck

Time at Mode Methodology: Sell breaking under today's range in tomorrow's trading. Target the 7-day mode. Risk 3 x's the ATR(11). These trades are difficult to take due to the "fade the trend" mentality needed to enter the market. By selling short term weakness under the previous day's low, at least you aren't guessing a price out of thin-air like you'd ...