EUR/NZD Daily Chart I see a potential Gartley pattern for me to short soon. Waiting for price to hit about 1.56475, ideally at the PRZ (Potential Reversal Zone). ECB President Mario Draghi speaks tomorrow. He may talk about the risks of deflation despite the generous quantitative easing and the negative rates. Market volatility is expected. He may provide more...
Bearish 3 overhead structure with strong bear candle. 11/10 candle was unable to close above trench, seems like luring bo traders and trapping them. Key Resistance - 1.56 - 1.6 Key Support - 1.525
sell @ 1.56416 great RR!
EUR/NZD Analysis A bearish bat pattern is about to complete on the daily chart. Waiting for price to hit the last PRZ point @ 1.57836. RSI is reaching the overbought level, price is about to hit resistance of the trend line. R:R about 2.8 (TP1) and 4.7 (TP2). I will update when pattern completes.
it think eurnzd will go more up tell 1.5500 and go back down (im not pro ....just my idea)
EURNZD H4 short setup ready now. Enter after checking your rules of engagement. This trade has a great potential with a risk to reward ration of 1:6. Enjoy your pips ;) Any questions, feel free. Zak
I am liking the look of this potential setup on the EURNZD. We have a downward sloping resistance line, upward sloping support and horizontal resistance (role reversal) all coinciding with the same point (approximately). It is likely that we might see some volatility around this point with a lot of contradictory views over the importance of these lines - however,...
EURNZD beakout trendline and lowering toward support and lower side of the channel.
EURNZD Bearish Cypher Setting up on the 1 Hr chart. The 78.6 completes around the 1.5587 area