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?

עסקה פעילה:

Excellent dynamics, so let's do hope for a best!

עסקה פעילה:

Good week to every trader. Super profitable trades and lot of success!

הערה:

Not a promising Daily candle, looks like could fall more.

עסקה פעילה:

Price has bounced from a bottom of a channel on 4h, so let's do hope for a best!

הערה:

poor dynamics, so could fall a lot. :(

עסקה פעילה:

Good trades to everyone!

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Nice chart. Perfect dynamics. Good luck to everyone!

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העסקה בוטלה באופן ידני:

I close it and look on further dynamics.

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הפקודה בוטלה

עסקה פעילה:

I would prefer to make a new try and long it careful again.

הפקודה בוטלה:

Unfortunately poor dynamics again. I have closed all longs positions.

עסקה פעילה:

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.

הפקודה בוטלה:

I have closed longs.

עסקה פעילה:

A day has started promising. Next attempt to long a pair.

הפקודה בוטלה:

Price has just returned back into a flag. :( What a see-saw :( I have closed longs again.

עסקה פעילה:

I make one more try to long a pair. :)

הערה:

I suppose that ANY position in a pair is very dangerous now!

עסקה פעילה:

Not so perfect dynamics, but I do still keep longs.

עסקה פעילה:

I have just added.

העסקה בוטלה באופן ידני:

I have closed it.

עסקה פעילה:

I try to long again. If falls below 1.667 - I close a trade.

עסקה פעילה:

Still keep a position.

עסקה פעילה:

Price has touched a bottom of a channel, so I try to long a pair again.

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Good dynamics recently. Let's do hope for a best!

עסקה פעילה:

Superb dynamics!

הפקודה בוטלה:

I don't like a divergence on EURNZD 30m chart. :( So I have closed this trade.

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הפקודה בוטלה:

The dangerous asset. A rigorous risk management is mandatory.