EURNZD is my favorite asset. I still believe in HUGE potential.
If you follow my ideas you know that I am strong Bull in EURNZD. I have had loses because of it recently however I still do believe in it's HUGE rising potential.
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling exist, but I am in a long position despite of it.
2. ABCD with 1.618 extension. The most important sign for Long as for me. It doesn't looks so nice because of flat zone last months but nothing is perfect in the world. No reason to close eyes on this strong figure.
3. Correction for February 2009's high. The 0.618 correction is also very strong pattern.
So, what could we see here? 3 very strong models (channel, ABCD and Fibonacci 0.618). Now tell me is it possible to Short EURNZD in such stage? As for me it is a rhetorical question.
I have asked community in my last ideas if history repeats itself in a trading. I don't know the answer for this question but if we look careful on recent high in August 2015 it is very nice round number as a high price... 1.85555... so if the history in a trading repeats itself ... could we see very nice number as a new high again? Why not?
What could I see on a chart:
1. Rising channel (Channels are generally very strong & it is my favorite analysis method). We are close to bottom of a channel, so some huge risk of further falling exist, but I am in a long position despite of it.
2. ABCD with 1.618 extension. The most important sign for Long as for me. It doesn't looks so nice because of flat zone last months but nothing is perfect in the world. No reason to close eyes on this strong figure.
3. Correction for February 2009's high. The 0.618 correction is also very strong pattern.
So, what could we see here? 3 very strong models (channel, ABCD and Fibonacci 0.618). Now tell me is it possible to Short EURNZD in such stage? As for me it is a rhetorical question.
I have asked community in my last ideas if history repeats itself in a trading. I don't know the answer for this question but if we look careful on recent high in August 2015 it is very nice round number as a high price... 1.85555... so if the history in a trading repeats itself ... could we see very nice number as a new high again? Why not?
Dagangan aktif
Excellent dynamics, so let's do hope for a best!Dagangan aktif
Good week to every trader. Super profitable trades and lot of success!Nota
Not a promising Daily candle, looks like could fall more.Dagangan aktif
Price has bounced from a bottom of a channel on 4h, so let's do hope for a best! Nota
poor dynamics, so could fall a lot. :(Dagangan aktif
Good trades to everyone!Dagangan aktif
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Nice chart. Perfect dynamics. Good luck to everyone!Dagangan aktif
Dagangan ditutup secara manual
I close it and look on further dynamics.Dagangan aktif
Pesanan dibatalkan
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I would prefer to make a new try and long it careful again.Pesanan dibatalkan
Unfortunately poor dynamics again. I have closed all longs positions.Dagangan aktif
I do one more try to long a pair. Attention: A crazy risk here now - if you have poor Risk management or have just started to trade - better stay away.Pesanan dibatalkan
I have closed longs.Dagangan aktif
A day has started promising. Next attempt to long a pair.Pesanan dibatalkan
Price has just returned back into a flag. :( What a see-saw :( I have closed longs again. Dagangan aktif
I make one more try to long a pair. :)Nota
I suppose that ANY position in a pair is very dangerous now!Dagangan aktif
Not so perfect dynamics, but I do still keep longs.Dagangan aktif
I have just added.Dagangan ditutup secara manual
I have closed it.Dagangan aktif
I try to long again. If falls below 1.667 - I close a trade.Dagangan aktif
Still keep a position.Dagangan aktif
Price has touched a bottom of a channel, so I try to long a pair again.Dagangan aktif
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Good dynamics recently. Let's do hope for a best!Dagangan aktif
Superb dynamics!Pesanan dibatalkan
I don't like a divergence on EURNZD 30m chart. :( So I have closed this trade.Dagangan aktif
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Pesanan dibatalkan
The dangerous asset. A rigorous risk management is mandatory.
Penafian
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