EURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in...
Note: My charts are usually very messy, so I've re-done it and removed a lot of unnecessary indicators etc so you get the overall idea. 1D chart shows a nice clean uptrend on the EURNZD consisting of HL and HH, 4H chart confirms the last candle closed on the EMA200 line, which is also the lower channel of the uptrend (conservative entry would be waiting for a...
Hi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to...
Hi guys, this evening i want to share with you a nice setup on EURNZD. The black line represents a daily structure level that should act as support: indeed, price failed to break that level and instead it has created a double bottom with RSI divergence. Then, price also broke to the upside the neckline and it's now pulling back to 618 retracement that seems to...
the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.
Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
Bullish Bat under preparation Entry: 1.5004 (waiting for the right price action within the blue rectangle) SL: 1.4929 (-75) TP1: 1.5092 (+87) TP2: 1.5119 (+115) TP3: 1.5146 (+142)
Wait for a correction and get into the trade
Hovering at strong support zone. More possibilities to the upside.
PRICE HAS TESTED THE RESISTANCE TREND LINE. MAJOR RESISTANCE. ENTER A BUY STOP AT 1.54968. FOR A CONFIRMATION . STOP LOSS AT 50 PIPS.
ENTER TRADE AT 1.51442. STOP LOSS BELOW 1.50000. LIMIT IS 1.57862.
Entry : 1.53514 Stop : 1.53182 Target 1 : 1.53906 Target 2: 1.54115 Target 3 : hold and move stop up with trade as new demand levels are created