We are monitoring EURNZD -0.23% very, very closely, as we don't want to miss the upside impulsive movement that we've all been waiting for a long time. We have closed our previous long positions, as we didn't know how long this -nth correction would last. Now the correction, a five wave one, seems to be finally over, so we will be looking for buy setups on the 60min time frame, from Monday onwards. We are expecting an appreciation of the Euro on the Kiwi dollar of over 20% of current price, hence this is a trade not to be missed.
Updates on lower time frame will follow.
Trade with care and only with a backtested strategy that works for your trading style.
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Updates on lower time frame will follow.
Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Trade active
For those who did not have a buy limit order in the area marked by the rectangle and missed the entry, watch for the pair to break the minor trend line on the 60min time frame, as per the chart below. You can either buy that break, and the observe what the pair does in proximity of the following trend line, or even better, wait for a first complete impulsive movement to the upside to complete itself, let the impulse correct itself with a small 60min flag, and then buy the break of the flag. We had buy limit orders at 1.63 and we are currently in BE, as EURNZD could make one more small down movement.Trade with care and only with a backtested strategy that works for your trading style.
Please don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Thank you for viewing.
Note
As expected, EURNZD is making one more small down movement. Hopefully this is the movement that will achieve, on the 4hr time frame, a good divergence, so from now on we will be looking for new buy setups. This pair could be ready for a big impulse towards the upside.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.