EURNZD double bottom over the 0.618 🦐EURNZD after the last impulse retraced inside a descending channel.
The price hit the 0.618 fibonacci retracement and created a double bottom formation over it.
IF the market will break and close above the resistance structure, and consequently breaks the channel, we will set a nice long 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.
EUR-NZD
EURNZD LONG (INVERTED HEAD & SHOULDER)Hey traders,
I'm currently looking at EURNZD as there is a clear inverted Head & Shoulders pattern, I'm expecting an uptrend soon so I am waiting patiently for the neckline to be broken before entering a long position.
I will be risking 1% of my capital and looking for 4-5% return.
Please feel free to use this idea (PLEASE ENTER AT YOUR OWN RISK)
If you find this helpful and would like more ideas
Please show some support and hit the like button
and also give give us a follow as it is much appreciated.
Good luck on your trading
💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.7137).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7340
TP3= @ 1.7440
TP4= @ 1.7610
TP5= @ 1.7770
SL= Break below S2
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. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
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💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in EURNZDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.7137).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.7280
TP2= @ 1.7340
TP3= @ 1.7440
TP4= @ 1.7610
TP5= @ 1.7770
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD ANALYSISStrong bullish wave (a) ended at level 1.7280
then corrective bearish wave (b) rejected from 61.8% Fibonacci level at 1.7085 with strong bullish movement
EURNZD broke upper edge of symmetrical triangle pattern
Price is based above key level at 1.7125
Price is based above HVN at level 1.7153 which indicates that pair is in accumulation phase
Above SMA 100
MACD shows bullish momentum
It's expected to target level 1.7350
EURNZD - Dec 14 -18 Week trade plan
This is my trade plan for EURNZD for next week Dec 14 -18 based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF outlook.
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EURNZD - Daily Outlook for Dec 2020 - Update 2
This is an update to Daily outlook on EURNZD.
- Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1.
- A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend
- A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones.
Notes for Next week:
Monthly Close : Bearish
Weekly Close : Bearish
Daily Close : Bullish
4H : Bearish momentum
1H : Ranging
Previous daily outlook : FX:EURNZD
EURNZD - 07-12 Dec Week trade opportunities for referenceFX:EURNZD
This 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 Outlook
Trend Reversing On EURNZD
Beginning to see a structural change on this pair. Daily chart will be posted in follow-up.
Daily pin bar formed, which is a good indication price attempted to trade lower and failed to sustain.
[ 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. ]
EURNZD on a minor retracement 🦐EURNZD after the nice bullish impulse hit the 1.72600 and started a retracement move.
The price is moving inside a minor descending channel and the market will possibly touch the 0.382 and bounce over it.
IF the price will breaks above the resistance structure and consequently breaks the channel we will set a nice long 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.
Potential at EURNZDLast week there was a good opportunity at EURNZD that we shared with you.
Did you get involved?
Now the price has returned to support and continues its movement in the upward channel.
In case of a new rise, the resistances levels we expect to be reached are:
1.7313
1.7349
The scenario fails when the previous bottom breaks.
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
EURNZD - Dec 07-11 Week trade planFX:EURNZD
This is my trade plan for EURNZD for next week Dec 07-11 based on HTF analysis.
Trades will be executed according to my trading rules:
1- Momentum
2- HTF close with momentum direction
3- 1H close below/above previous candle in momentum direction
4- Targets for 1H recent support/resistance
Please refer to the Daily outlook for further HTF outlook.