EURNZDExpected Long move on EURNZD as its moving on a parallel channel and its the 3rd touch on the trendline , so its expected to go long
Eurnzdlong
EUR/NZDBUY: EUR / NZD
SL @ 1.67310
TP @ 1.69230
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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EURNZD ANALYSISThe current bearish momentum has broken below the level of 1.69600.
We will now wait patiently for a retest before looking for sell-side opportunities.
We are working with the current momentum which is why we intend to short than long.
eurnzd neutraleurnzd analysis :
Reasons :
1)there has been 2 resistance levels from which the market crossed the 1st resistance level and came uptrend and there is another resistance level as of now and it and didnt succesfully pass through that as right now ,
right now it is no trading zone as it is fluctuating a lot from 3 weeks
so until it passes the no trading zone and cross the resistance level we cant expect to trade
once it does,it goes for a potential up or downtrends
Trade carefully
EurNzd is pressing in resistanceSince finding the bottom, EurNzd is trading in a range.
However, the pair looks like is pressing in 1.7 resistance and a break is imminent.
Swing traders can target 1.79 and a break under 1.66 would negate this scenario
EURNZD Forming Cup & Handle Pattern On the daily time frame EURNZD, we found Cup & Handle shape and expecting to breached the upper side. We'll be holding a long position from a bit of fall.
EURNZD to Head Down?Hello fellow risk-takers,
The pair is EURNZD and buyers looks exhausted to penetrate key resistance levels in bid to form new higher highs (HH). Instead, what we see is the formation of lower highs (LH) indicating loss of bullish momentum AND impending sell-off. This sell-off is needed for bulls to gather new momentum needed to penetrate the price level 1.71240 which price is currently unable at the momentum unless we can have surprise high-impact news.
The pair is still bullish but in the meantime this selling opportunity looks too tempting for me to mize.
Happy Trading
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*This information is for entertainment purposes only and shouldn't be construed as investment advice.
Trading Idea Regrading EURNZD Currency PairI Tried to Make Every Thing Self Explanatory In The Chart
EURNZD BACK TO 1.71000Just as the last analysis stated, price has now bounced off the expected level and should continue with bullish momentum to the upside.
We have positioned ourselves long, with stops underneath the level, and targets at a new price point of 1.71000.
We waited, it met our plan, we have entered, now we wait for results.
30 July: EURNZD bullish play seenHi everyone, EURNZD could see further upside from here. On the daily time frame prices are sitting on a key support area, in line with the H1 ascending trend line and 61.8% retracement. This presents an opportunity to play the bounce here.
EURNZD TO CONTINUE TO THE UPSIDE?With the nice impulse move to the upside, we can expect some minor pullback before the continuations.
A pullback into the key level at 1.69500 is ideal, and we'll watch how price reacts at this area.
If there's a rejection and then a bounce, we could see the next bullish move from there.
EURNZD Long AnalysisHey traders, here is the analysis for the EURNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Trade idea - EURNZD Long Stay long EURNZD long term for a 100 pips gain.
Entry price between 1.7000 to 1.7025
time to go upTo me this is still a great opportunity to go long. Daily RSI is still above 45 (so are all lower TF).
It showed sign of recovery after the mighty drop on Thursday (and early session on Friday). However it may be so weak that the rise cannot even pass 1.689 so buyers be aware of the risk.
TP: Final target is just below the high before the mighty drop last week. But more realistic levels are those Fib lines. Will start trailing as early as when it passes 1.689 As risks involves
SL: tightly below mini up trend line formed on Friday's 4H chart, you can move it below 1.678 if that's more comfortable.
GL.
EURNZD, 1hr tf, bullish bat pattern
After yesterday we got a fierce drop from EURNZD. Price finally stop dropping after meeting the ascending trend line.
For me, it looks like a bullish bat harmonic pattern forming. We might see some upwards movement towards 1.6950-1.6930 area which is 61.8 retracement of CD leg.
Buy EURNZD 1.6830
Stop loss 1.6770
Take profit 1.6950 (2R)
Use only 1-2% risk
Good luck
EURNZD Buy SetupEURNZD will continue it's long term uptrend. In this setup I am assuming EURNZD will go up after that liquidity in 1.67000 is grabbed and also the demand zone in 1.66000 is tested, a new uptrend will start there, I hope you all succeed and thanks.
EURNZD TO 1.71400?As clearly shown on the charts, price has bounced off a strong H4 support and could be heading upwards.
We are looking at taking longs when price creates a higher low to signify that this bounce would produce an uptrend.
Targets are above the current high, toward the 1.71400 area.
EURNZD LONG TERM FORCASTCurrently this pair is on a short tern buy an easy 500+ pips on the table as of next week we are looking @ 168630 to scale in, once we hit that we are looking at a short which will produce about 1400+ pips.
Then we are looking forward to the long term buy which can take a few years to playout but time is irrelevant to us direction is what matters. We are not big on fundamentals but we believe that the whole structure of the market
follows a road map and our job is to find the blueprints of that map.
