FullTimeTrader

EURNZD-many reasons to buy at all-time lows, at least 700 pips

Alış
FX:EURNZD   Euro / Yeni Zelanda Doları
5
Im very excited because this pair confirms my bias that the EUR is extremely oversold and will make a strong correction next days.
This pair is in all-time lows, I have many reasons to buy based on technical and currency strenght analisis.
First of all, Iets take a look at W1 chart analisis:
We have a bullish butterfly already completed in confluence with a trendline support.
Fundamentally, I know the EUR may do another push down or spikes because the QE of BCE starts next week.
Thats why a will use INVESTOR STYLE, this means i will enter right now and if the price touched new lows o spikes i will hold and add more positions.
I doubt it but just in case a put three possible entries on W1 chart.

Here on D1 chart we see the price has already tested the PRZ and is spiking from it. There is alson an AB=CD pattern and a D1 trendline support.
********************************
Currency Strrenght Analisis
********************************
The EUR is extremely oversold against other pairs:
This is the EURUSD-monthly chart:

The same scenario with EURGBP

The NZD is overbought and has already started a correction against other pairs:
NZDCAD
NZD JPY
Im ignoring the NZDUSD because we may think the correction is because the good news form US.
*************************************************************************************************************

Thats all, off course nothing is 100% sure in forex but i think this trade has great succesful posibbilities.
Best regards.


Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.