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EUR-NZD

EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6983 (stop at 1.6949) Dips continue to attract buyers. The bias is to break to the upside. A break of 1.6980 is needed to confirm follow through bullish momentum. Pivot support is at 1.6863. Levels below 1.7000 continue to attract buyers. Short term MACD is moving higher. Price action looks to be forming a bottom. Our profit targets will be 1.7088 and 1.7154 Resistance: 1.6950 / 1.6980 / 1.7000 Support: 1.6900 / 1.6850 / 1.6800
Long
by Signal_Centre1
1
EURNZD - 11-15 Jan Week trade Plan FX:EURNZD This is my 11-15 Jan 21 Week trade Plan for EURNZD . Previous Month : Bearish Previous Week : Bearish Daily : Bearish 4H : Bearish With EURNZD ended last week with bearish close below 1.6980 confirming the bearish momentum, I'm expecting further continuation to the down side with cautious as currently we are at HTF support zone that may hold a bit EURNZD from the down move. Also COT Report and Seasonality are showing that NZD is currently strong, so expectation for the bearish momentum continuation is viable. I'd highlighted 2 scenarios for Shorts and Longs with No Trade Zone.
by Amr_Sadek
EURNZD - 4 - 8 Jan Week trade opportunities for referenceThis is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan FX:EURNZD Jan Week 4 - 8 Previous momentum: Bearish Week Close: Bearish Range: 284 pip - With last week failure to sustain the bullish momentum above the 1.7180 and rejection confirmation at 1.7220, EURNZD ended last week bearish at Support zone at 1.6950/80. - EURNZD started this week with retracement to the next resistance zone 1.7080/1.7100 (Expected as per the weekly trade plan posted) and rejection confirmed at the zone for bearish continuation and retest of the support zone at 1.6950/80 TP1 and break to test 1.6880 TP2 and 1.6780 TP3. - The COT report and Seasonality of NZD currency supported the bearish momentum to reach TP2 and treated any rise as opportunity for Shorts. - Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Weekly plan: Jan 5 Update: Jan 6 Update: Jan 8 Update:
by Amr_Sadek
EURNZD Unable to Hold Lower Range Boundary I was long earlier this week in anticipation that the 1.6981 level (lower range boundary) would hold. The move up was cut short and I'm now changing my directional bias. Currently looking for price to make another attempt to trade higher, but failing to hold at the higher price level. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Short
by FinancialGamblR
EURNZD testing a support 🦐After our last idea on this pair, EURNZD broke the ascending channel and retest the structure. The price after testing the 0.382 is moving to the support at the 1.69800 area. IF the price will break below, we will be ready to set a nice short order according to Plancton's strategy. ––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
12
EURNZD - 04-08 Jan 21 Week trade PlanThis is my 04-08 Jan 21 Week trade Plan for EURNZD. With EURNZD ended Dec 2020 with bearish close confirming the bearish momentum, I'm expecting a bounce from the HTF support created 24 Nov 2020 at 6980 which is expected to be rejected at/below 7080/7100 for bearish momentum continuation and retest/break and close below 6980 for targets at 6880 and 6780. A reversal can also be in place in case of the support/double button formation at 6980, a break of the 7220 and solid support formation above 7180 will confirm this scenario which can trigger longs to retest 7345. Weekly Close : Bearish Daily Close : Bearish 4H : Bearish Overall view is Bearish till a daily close and forming solid support above 7220. Levels to watch: - 1.7600 - 1.7450 - 1.7345 - 1.7220 - 1.7080 - 1.6980
by Amr_Sadek
EURNZD - 21-25 Dec Week trade opportunities for reference- Dec week 21 -25 - Previous momentum: Bearish - Week Close: Bullish - Range: 242 pip - Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due. - Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Previous week trade plan : FX:EURNZD
by Amr_Sadek