EUR - similar to EURAUD idea earlier, also very bearish bias on 10-year seasonality in EURNZD for June, we'll see how it goes NZD - similar to NZDCAD idea earlier Weekly:
The Daily chart reveals something that should make the bulls feel uncomfortable. It shows that EURNZD’s massive decline from October 2018 high at 1.79337 to December 2018 low at 1.63279 took the shape of a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5. EURNZD Bears Remain in Control According to the theory, the impulses point in the direction...
on a daily in comments this has a big drop as very clear motive wave and perfect school correction. now that move downwards the way that is moving in those parallels seems that is printing a diagonal. so since it is a beginning after a correction im expecting a motive wave, and in those parallels that last drop its too big for anything else to be considered...
Price broke high out of a long and narrow trend down, then created a base where we see the line so another push up is possible. There is a lot of space to fill if it goes that way. This long is currently set at 3:1 reward to risk.
I previously did a daily mark up on this pair and in my opinion, this pair is bullish. I have attached the daily mark up on below. We may see price retrace to the price level i have marked with the grey horizontal line and then move toward our take profit (green line). We also have bullish divergence forming. I would recommend only risking 1% on this trade....
EURNZD in a key area of resistance which could lead to a price fall
Here is an updated chart on showing the predicted bat pattern harmonic pattern on the 1 hr chart. Price action continues to move as predicted and a recent break of the yellow trend line has given our strategy confirmation. Although, We are looking to see if price action will retest the trend before reaching our target. FX:EURNZD
We are predicting the bearish Bat Pattern to complete as shown on the 1 hr chart. Price action is showing a downward trend giving the pattern confirmation. Our strategy is to trade the 4th leg of the pattern and we will post updated with targets.
EURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone. Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect...
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.
1. Quite interesting currency movements because it will fall on the W1 time-frame and at the time-frame has formed a volume divergence -------------------------------------------------- -------------------------------------------------- ---- 2. EURNZD will again test the Fibonacci retracement level before going up, so pay close attention to price...
EURNZD has completed the first wave and has made a retracement to 0.68, after this the third wave will occur and will go as shown in the following arrow. note that stop loss at level 0.00 or -0.23 fibonaci retracment, be wiser in trading and use good money mangement.
EURNZD 1D LONG with BAT pattern.