EURNZD

This Hammer with a Bullish Harami/IB on the 1d makes me think that I could look much farther for a t/p if I wanted to, but do I want to? There are lots of pips hidden in those swings.

decent rejection on the 1h..

I would say decent rejections on the 1hr with a 4hr continuation.......

Still holding... I am in against a massive 1w bear run. Will it even break resistance at all, or should I consider getting out the first chance I can with a profit before price turns against me again? I wish I could predict which way price was for sure going to break.

Any one else know????

Did get out last week with +115
shorted this morning on a sell signal with the NZD/USD - but molasses took over on the EUR/USD and NZD/USD - got out at +14 - confused now

I like the long side, but the tight channel (1-2 hr) - also the NZD/USD looks likw it may pop up north to .70 - Probably best to wait for FOCM -

I am with you on the long side. I did some additional research, and these charts helped me continue to think long. Nice job on your pips. If your confused, I would say just don't force it you know, and see something that really is not there. I do that sometimes, when instead I should just step away....

Here is a chart from Sept. 2014 which shows strong resistance, now support at that price which gave us that very nice 4hr BEOB a few days ago. This is another reason that it may be a good idea for me to be holding this trade, as that area from Sept. 2014 that was resistance and is not support held. I would not be surprised to see another test of support before it heads of on what is hopefully an exceptional bull run!



The second chart is from June 2015 where the actual resistance was broken and support was retested and held.



Last Friday, and into this week than is the first time since June 2015 that price has come back to this area, and so far, support has held. But, we may see a test lower, but I am thinking that will quickly rebound higher for a nice bull run.

This eur/nzd trade could turn out to be a good one. But. this pair can take them away as quick as it can let me have some.

I like that looks of this 1d chart all the way! I am very optimistic that with the bullish close on the 1d, that today, into the next few days might be what I have been waiting for. In my eyes, this is more validation that long is the answer and the direction of what is coming at least in the short term!

Elliott wave analysis of EUR/NZD for October 28, 2015

We are still looking for signs of a bottom being in place. As long as minor resistance is seen at 1.6390, we must accept a possibility of one more decline closer to 1.5882. A break above minor resistance at 1.6390 will be the first indication that the bottom is in place, while a break above more important resistance at 1.6546 will be bullish for a rally to 1.6950 and only above here will confirm the bottom.
Trading recommendation:
We will buy EUR at 1.6080 or upon a break above 1.6390 (one order done cancels the other).

took the trade right at the release of the AUD - will see how far we can go

What do you think how the interest rate decision today will affect the move? Will the price go down again or will it go up even further?

I have no idea - I got out - divergence and do not want to short at the moment

It was a nice trade, and so was the quick sell off. I don't like the look of the 1d bar, and so am moving to another pair for today, but I will be back. That was some nice pips, however. Can't wait to hear your thoughts on getting some more.

For now I am long GN and GCd....

The problem with trading crosses is that you are really trading three currencies, the dollar and the other two - I almost took a long trade right before the RBNZ Rate Statement - it had a good buy signal based on my methods - but chicken out - I don't like trading the news

Is that why there was so much price action today on EN? Because of news announcement?

I am not a big "news trader" specifically. In fact, I really should not trade during "red" news. However.. if one is quick, sometimes some quick pips can be made just by jumping on.

Currently long on yesterdays close and the fact that we are sitting on strong support as mentioned in earlier posts.

ANZ Business Confidence coming out at 8pm eastern -

I need to start paying attention to ANZ news I guess if I am going to trad this pair....

there is good resistence around .6730 in the Nzd/Usd...If the Euro can congest it should help tue Eur/Nzd

Feels and looks heavy - we could get a nicepositive pop on the NZD/USD from the AUD cash Rate and Statement - short EUR/NZD

Flat, - broke even -