EURNZD: Weekly uptrend confirming in 2 days, 4h uptrend in a bar

27 mag 2015

Similarly to EURAUD, EURNZD presents us with a very interesting long opportunity.
It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade.

I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear picture:

• Rgmov points up
  
• Price found support at a previous level of extreme agreement between market participants, a low volume profile support level, where market was totally one-directional.
  
• This level matches a significant fibonacci retracement of a strong bar.
  
• 4h chart shows 4 bars with no new low as of now, and soon a 5th, making me want to go long asap, before it starts accelerating.
  

Good luck!

Ivan.

2 ott 2015

Trade chiuso: obiettivo raggiunto

Perfection.