On the EUR.NZD 15 min chart we have two potential short opportunity's at the D leg completion of Cypher Patterns Price Reversal Zone - Blue 1.7038 & 1.7133 Price Reversal Zone - Green 1.6919 & 1.6985 The PRZ zone is only a guideline of where we will be paying attention for trade setups and opportunity's. Potential targets for the Cypher Pattern placed at the...
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Looks like it is already reversing but it may test that upper resistance line. It is showing us a double top with a huge move up 1.43% without retracement, which means we have an overbought price.
EurNzd began the week with a gap from the level of 1.63732 and it is now almost complete towards the level of 1.62508 This was another free diamond the markets released today in the morning. Free gem. Follow me to get an alert of such happenings first hand. I gave a trade on EURUSD which many are pipping on right now. Regards, Imoneycorp
FX:EURNZD Similar to my previous published idea on FX:AUDNZD , also daily, we have one rounded top reversal pattern with the "same" neckline to sell; At the same time we have a Bullish Bat pattern with point D targeting previous pressure zone, forging a nice R/R buy option; BAT : Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB (Crucial to close below...
Learn 2 trade like a PRO - boafx.com - As of yesturdays analysis we did get a pull back but much bigger than we anticipated with the Euro taking on safe haven bids. However we are stating to reject the delining trend line within the rising channel again. It might be worthe waiting for the next candle to make a new low but for those with a bigger risk appetite you...
Learn 2 trade like a pro for FREE! - boafx.com - Unwinding of safe haven flows has caused buyers to come back into commodities temporarily causing Commodity related currencies to show some intraday strength. However I don't expect this to last and will look for a rejection of the pivot point which is in proximity to the 50% fib retracement on the currenct downward...
EURNZD 4 hr Harmonic Pattern chart with sell opportunity
FX:EURNZD Double top, followed by previous structure breakout, 61.8% retracement, sell option below the bullish trendline. Expectations to break previous structure supportH1 and eventually sink at supportH4 15m chart, not much to say just watching it. Safe trades;
Chart self explanatory the potential trade.
Usually I do not like to chase reverses but this looks simple and elegant - pinbar on a resistance zone. It indicates a possible move down. I open sell with the first TP apprx 1.66, trailing stop afterwards.
EUR/NZD Has come into an area of resistance confluence. I am not in this trade at the moment but I am monitoring it for a possible short entry. NZD has been week for a few months now so I will need clear risk reward but this is an early warning of a potential change in trend. I have noticed the following points 1) At 1.66306 wave C = 3.618 Wave A 2) At 1.6612...
boafx.com The large sentiment rally over the beginning of the month caused the EUR/NZD to pull back to a previous area of resistance where it rejected that level. Since then the Fundamentals have improved on the NZD and with various ECB press conferences going on at the moment and the Greek bailout looking more and more uncertain we can expect this to test
Bat patterns need: .382 or .500 XB leg (we have a .382) .382 or .886 AC leg (we're just shy of .886) 1.618 or 2.618 BD leg (we're just shy of 2.618) .886 XD leg This looks like a bat pattern to me. Since XA is a .382 retracement and we have a strong bearish trend, I think the .618 is a good TP1 and the 1.272 is a good TP2. Stops above X.
quick chance to grab some pips, no strategy, just patern, and structure.