Symbol: EUR.NZD - Euro / New Zealand Dollar
Predicted Direction: Long
EUR.NZD - Euro / New Zealand Dollar updates will be available in the comments section below as price-action develops.
On the hourly chart, the price has formed and broken a bullish fractal after completing an ABC corrective move. The price structure gives me an indication that we are starting the 3d Elliott wave on this timeframe. Going long using level marked on the chart.
Everything on chart pretty much explains everything that we need to be aware of. Now, we must be patient for a sign. That We can jump in to make some massive pips.
This is going to be a AB=CD pattern trade
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EURNZD FOREX BREAKDOWN 26 MAR 2019
Forming new lows with strong bearish price movement!
Price melting and need a pullback to the upside!
Very bearish market taking out several lows and long holders!
ENTRY @ 1.63375
SL @ 1.62070
TP @ 1.64860
(Use normal Risk!)
IF YOU HAVE ANY...
We see the formation and completion of this harmonic pattern on the 1 hr chart. Price action has also reached a major support zone at the completion of this pattern. These technical indications signaled us to take a long position with take profit set on the green zones. FX:EURNZD
After a long range and wedge formed since december until it finally exploted last week closing above the previosu daily high,so right now we got the following confirmations to expect further upside movement:
1. Wedge pattern broke to the upside
2. New HH formed in the higer timeframes
3. closed above the MP & AT fib
4. Broke out after a Elliot compeltion
This pair has seen a really nice bullish trend since its original kumo breakout a couple weeks ago. I am looking to hop into a trend continuation here to catch some more bullish movement. I've set a buy entry above our current candle, but a more conservative entry would be at or above the wick of the most recent structure high. I've drawn out some partial take...
The pair has now shifted its direction and we could potential see a nice a trade to the up side. Best is to wait for the pullback before getting yourself a nice entry.. We got a big divergence on the bigger timeframe as well. There's 2 possible trades, 1 short term and 1 long term.
Rotura de canal, Formación de HCH (Hombro - Cabeza - Hombro) esperemos que rompa 1.66000 y esperamos un retesteo para entrar en largo hasta la zona 1.69300 aproximadamente, este par cada vez que realiza impulsos mueve unos 300 pips eso es lo que espero...