Eurnzdshort
EURNZD Sell the downtrend.EURNZD - Intraday - We look to Sell at 1.6595 (stop at 1.6626)
Daily signals are bearish.
Trend line resistance is located at 1.6600.
Preferred trade is to sell into rallies.
The primary trend remains bearish.
We look for a temporary move higher.
Our profit targets will be 1.6508 and 1.6471
Resistance: 1.6560 / 1.6600 / 1.6640
Support: 1.6530 / 1.6500 / 1.5680
EURNZD approaching 1st resistance, potential for a reversal!Price is approaching our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. We could potentially see a reversal at this level, and a further drop towards the 1st support, which is in line with our 78.6% Fibonacci extension and horizontal swing low support. It is worth noting that price continues to hold below the descending trendline resistance and Ichimoku cloud, showing bearish pressure in line with our analysis.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/NZD New Analysis And 2 Setups Depend On Price Action This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURNZD short trade ideaPlan : trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
EUR/NZD SHORTEUR/NZD has been in a downtrend since last October, respecting the Green Trend line .
I expect the price to continue to respect the trend line and sell until it reaches the key support level or until its previous lows .
This expected movement of the price is shown by the Orange path drawn .
EURNZD Sell the downtrend.EURNZD - Intraday - We look to Sell at 1.6734 (stop at 1.6766)
Daily signals are bearish.
Broken out of the Head and Shoulders formation to the downside.
Trend line resistance is located at 1.6740.
Previous support, now becomes resistance at 1.6740.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Our profit targets will be 1.6641 and 1.6601
Resistance: 1.6650 / 1.6700 / 1.6740
Support: 1.6620 / 1.6570 / 1.6540
EUR/NZD shortsEUR/NZD has been in a downtrend for a very long time, so we are looking for shorts. Price broke out of a key support level, around 1.65430. We can expect price to retrace back to this level, and we can take a sell after conformation of trend continuation. This key level also is also 61.80% fib retracement level, which adds another confluence for a short around this level.
EUR/NZD +170 Pips And My New 2 EntriesThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/NZD +60 Pips And News Setup HereThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EUR/NZD New Analysis And 500 Pips Are Waiting To Catch It This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions