🔸 Good Morning traders! Today we want to share with you our trading idea in the EUR/NZD pair. It is a Swing idea, which implies that it is a movement that will probably take weeks to resolve if the direction is correct. 🔸As we can see, a few weeks ago, the price generated a break in the Ascending Channel that had been valid for approximately two years. 🔸After...
Expect to see three correction waves flat or zigzag or even triangle. The target is 38% of declined wave.
BREAKOUT OF THE SHORTTERM BUY TREND IN A LONG SELL TREND.
The pair found resistance at the 38.2% Fibonacci level of Blue wave 4 vs 3 which also doubles as the end of the previous 4th wave which is an important guideline for corrective patterns turning points. HOW TO TRAD THIS. Wait for the pair to break out of the channel before you look for sell signals in order not to be caught on the wrong side should in case of...
LOOKING TO BUY FROM WAVE C OR BUY IF PRICE REACHES A NEW HIGH(BREAK THROUGH WAVE 5)... THEREBY MAKING MINOR WAVE 5 A PRIMARY WAVE 1 WITH THE ABC BEING PRIMARY WAVE 2
good time to buy the EURNZD pair. Like if you trust the analysis. Follow for trusted contents
EURNZD - Intraday - We look to Buy a break of 1.7358 (stop at 1.7312) Daily signals are mildly bearish. A break of yesterdays high would confirm bullish momentum. We look for gains to be extended today. Short term MACD is moving higher. Short term RSI is moving higher. We expect a period of high volatility. Our profit targets will be 1.7494 and 1.7554...
I predicted a more eratic movement to the upside yesterday. It did not happen. Here comes the new forecast of this pair ! Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.