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Not feeling to sure about my strategy at the moment

AdamFx42 Posted 5 Aug.  in #Trader's blog #EUR/NZD #Long AUD/USD #Short GBP/NZD #Short EUR And GBP/AUD
My strategy this month is to try to sell the Gbp and Eur crosses as high as possible for retracement profit
My targets to go short Gbp/Nzd and Eur/Nzd were hit and I am short these crosses now
The prices got near previous highs and the daily charts tell a story of unwillingness to break higher,
still I feel uncertain as the prices fail to drop and Nzd is still weakening,
seemingly unable to defend 0.65 -- this could mean trouble for these crosses
I am long Aud/Usd after today's retracement, but …
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EUR/NZD held inside a wedge pattern and going down

AdamFx42 Posted 13 Oct. as Analysis on EUR/NZD, Target: 1.5832, Date: 1st of December, 12:00 GMT  in #Technical analysis #Rsi #Macd #Fibonacci Expansion #EUR/NZD #Wedge Pattern #Resistence Area
Eur/Nzd is moving inside a weekly wedge pattern after the first failed attempt at a breakout;
the upper border of this pattern has been pierced but the price has remained below as we can
see on the weekly chart:
Eur/Nzd weekly chart
On the daily chart we see that the RSI is still high, but MACD signal has turned bearish;
the price may go down from this point,
or there may be another attempt at breaking the upper border of the wedge pattern
if the breakout fails, than the next target should be th…
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AdamFx42 30 Oct.

still the same  -- upper border holding, downmove seems to be starting up

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AdamFx42 10 Nov.

Price has remained inside the wedge pattern as predicted, furthermore
daily 61.8% fibonacci expansion area has held the price on the first test as I predicted
and upper border of the weekly wedge then held price up again and price is currently
loooking to retest the 61.8% daily fib expansion now - I believe this will break

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AdamFx42 15 Nov.

61.8% fibonacci expansion on the daily chart has broken and 100 % fibonacci is holding the price
above, as predicted - price is on target now - looking good

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AdamFx42 26 Nov.

Price around 1.59 now- a little more Eur weakness, and/or Nzd strength should bring target within reach

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AdamFx42 28 Nov.

On target now

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EUR/NZD held up technically for now

AdamFx42 Posted 18 Aug. as Analysis on EUR/NZD, Target: 1.5967, Date: 1st of October, 12:00 GMT  in #Technical analysis #Weekly Trendline #Fibonacci Expansion #Fibonacci Retracement #EUR/NZD
The weekly trend on Eur/Nzd is bullish - a trendline supports the price action,
and the long term fibonacci expansion target of 61.8% lies around 1.68:
Eur/Nzd weekly chart
On the daily chart the fibonacci expansion of the last move up of 61.8% is around 1.598
and latest retracement down has been supported by the 38.2% of the last move up
if we look at the fibonacci retracement:
Eur/Nzd daily chart
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4 Comments
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AdamFx42 3 Sep.

Lower weekly trendline still holding - move up still expected

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AdamFx42 11 Sep.

price ready to take out previous daily highs now - or fail .. of course
good steady move up - hope it continues this way, target will be reached then

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AdamFx42 23 Sep.

price action doing well for me - close to predicted target now - daily highs taken out

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AdamFx42 27 Sep.

Target and 1.6 taken out, need some retracement and retest of 1.6 level

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On my way - decided on my Euro short

AdamFx42 Posted 2 June  in #Trader's blog #EUR/NZD #Calculating Target Of EUR After The Ecb Decision
I have chosen my Euro short to start off with: Eur/Nzd short
Nzd dollar is a relatively strong currency at the moment
and will strengthen against the Euro rapidly at any sign of Euro weakness
If you look at the history on the charts you will see that the Nzd gained about 500 pips on the Euro
the same time that Eur/Usd lost only 250 pips after Drahgi last month
gave away the intention of the ECB to cut the rates this month
I think, and it is the general consensus among traders:
that most of the …
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