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?
Transaction en cours
Excellent dynamics, so let's do hope for a best!Transaction en cours
Good week to every trader. Super profitable trades and lot of success!Note
Not a promising Daily candle, looks like could fall more.Transaction en cours
Price has bounced from a bottom of a channel on 4h, so let's do hope for a best! Note
poor dynamics, so could fall a lot. :(Transaction en cours
Good trades to everyone!Transaction en cours
Transaction en cours
Nice chart. Perfect dynamics. Good luck to everyone!Transaction en cours
Trade fermée manuellement
I close it and look on further dynamics.Transaction en cours
Ordre annulé
Transaction en cours
I would prefer to make a new try and long it careful again.Ordre annulé
Unfortunately poor dynamics again. I have closed all longs positions.Transaction en cours
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.Ordre annulé
I have closed longs.Transaction en cours
A day has started promising. Next attempt to long a pair.Ordre annulé
Price has just returned back into a flag. :( What a see-saw :( I have closed longs again. Transaction en cours
I make one more try to long a pair. :)Note
I suppose that ANY position in a pair is very dangerous now!Transaction en cours
Not so perfect dynamics, but I do still keep longs.Transaction en cours
I have just added.Trade fermée manuellement
I have closed it.Transaction en cours
I try to long again. If falls below 1.667 - I close a trade.Transaction en cours
Still keep a position.Transaction en cours
Price has touched a bottom of a channel, so I try to long a pair again.Transaction en cours
Transaction en cours
Transaction en cours
Good dynamics recently. Let's do hope for a best!Transaction en cours
Superb dynamics!Ordre annulé
I don't like a divergence on EURNZD 30m chart. :( So I have closed this trade.Transaction en cours
Transaction en cours
Transaction en cours
Ordre annulé
The dangerous asset. A rigorous risk management is mandatory.
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