We usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it. 2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start) The 200 moving average line synchronizes with the resistance line at 1.7760. This is the third time eurnzd has touched the...
After trading in the triangle for some time the market finally broke out and created newer highs: 1. Breakout 2. Retest resistance as support 4. Pin bar signal 5. Fibonacci zone hit with the pin bar reinforcing the signal (confluence) This type of setup requires the stop to be a few pips below the pin bar candle and the target should be at least 2x that of the...
WEDNESDAY, 1st JULY 2019 #EURNZD SELL ENTRY = NOW AROUND 1.68900 SL = 1.69500 (-60 PIPS) TP = 1.66500 (+240 PIPS) Disclaimer On PLEASE USE YOUR OWN MONEY MANAGEMENT RULES Your Money is Your Own Responsibility
- Trading Roles in my strategy ; -The First Entry Will Be 2% OFF THE CAPITAL ALSO THE NEXT ENTRIES. In The 3 Entry, We Reste Looking for EQUALITY OF TRADES And For Closing All The Positions In 0 Pips Profits and Losses -Telegram > FxShell
After a 471 pip move to the downside, EN is set for a nice correction. The daily MACD shows the sell losing strength. The 4hr buy is losing strength as well. However, the 1hr just crossed for a buy and once it retests, we will enter. Both the 15min and the 1hr EMA's were broken but waiting on retest b4 entering.
# Price has reached the previous swing high # Resistance level is holding (so far) # Did you see the massive double bottom? Price is at the neck line now The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things: 1. Break through resistance, possibly test resistance as support and push...
Classic support and resistance setup. Now that the news is out of the way the markets can resume as per normal (man I dont like the news!) Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450 I am targeting previous support @ 1.66322 and placing my stop above the highs (using the 21 ema as a dynamic level for SL) @...
EURNZD 1D LONG with BAT pattern.
After a major drop on EN, we can see price bottoming out. I favor an upside move before potentially continuing further down. However, a break and Daily close above our TP2 could see this pair move further up to the 1.70500 range. For now, I hold onto my corrective bias. @earnwithwern
EUR/NZD looks like a great short. It appears like we will be coming down to 1.689 very shortly if we can break that support level then we should easily fall down to 1.67
Use position size calculator DO NOT RISK more than 1% SL: 1.68400 TP: 1.78800
EURNZD, eurnzd accumulate for buying, commercials in eur short while nzd short 1k also increased. bullish divergence formed to long.
FX:EURNZD 1. Price is approaching a major support level (last seen in Oct 2017) 2. Awaiting a buy signal to print 3. I will include conditions like price crossing 20ema if need be 4. This setup will offer a good risk to reward ratio 5. Watch out for a breakout or false breakout to the down side (the more times the level is tested the more likely it is to break)
Note the hammer candle that pinned the trend line on the daily time frame. Price is just below the 200ema and the candle from Friday kissed the MA perfectly. 1. Price needs to print a bullish candle for today 2. 200ema needs to be broken to the up side 3. Using H4 for entry can be beneficial for a better risk to reward ratio
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.