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EUR-NZD

How to develop a Swing Trade on EUR/NZD? Full ExplanationGood Morning Traders! Today we detected a scenario with excellent potential in EUR / NZD and we want to share with you in detail our process to develop a setup in this pair. First of all, we must clarify that it is a SWING setup, with a resolution of several days or probably weeks, so this vision does not imply that there cannot be movements against this vision in short-term micro trends. Now, what can we detect in the Weekly Chart? 🔸 First, we observe that at the beginning of the year the price generated a great rejection in the area of ​​the Ascending Channel, and also coincides with a supply area of ​​2011. 🔸 After that, the behavior was entirely bearish, until now it is facing / penetrating the Ascending Trendline of the channel that has been formed since 2017. 🔸 As we always say, we do NOT anticipate the price, nor do we seek to guess a direction. We simply react to behaviors that we consider to have a high probability of success. 🔸 What does that mean? It means that, in case of looking for a bearish trade in this pair, we will not simply operate a break of the trendline, that is only the first step of the confirmation. What do we need to develop a setup? Will be looking for the following scenario: 🔸 Moving to a lower timeframe (4H), we detected a breakout of the bearish channel and also the Support zone. 🔸 What we now expect is a corrective movement in the current zone, and if possible a retest to the broken Support zone (at that time it will be Resistance). 🔸 Once the corrective structure is formed, that will allow us to safely position our entry level, stop loss and take profit. 🔸 We always look for Risk / Reward ratios greater than 1.5.
Short
by ThinkingAntsOk
EURNZD reversal potentialLast week we saw a break in the downward movement of EURNZD. The impulse rise managed to break through the descending channel, but not the previous peak. Now it looks like there will be a new break attempt. If we see a rise above 1.7340, we will already have a higher peak and expect the price to continue to 1.7433 and 1.7497. Entry is currently considered risky, so consider your individual trading style. If you do not have one, contact us! To support us, like and comment!
Long
by ForexTrendline
1
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138) Setbacks should be limited to yesterday's low. We look to buy dips. We look for a temporary move higher. Daily pivot is at 1.7162. 1.7162 continues to hold back the bears. A break of 1.7160 is needed to confirm follow through bullish momentum. Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher. Our profit targets will be 1.7259 and 1.7289 Resistance: 1.7160 / 1.7200 / 1.7270 Support: 1.7130 / 1.7100 / 1.7060
Long
by Signal_Centre1
EUR NZD : BULLISH GARTLEY IN FORMATION Welcome back Traders, Investors and Community! Analysis of #EURNZD If you have found this useful then help us support my page by hitting the LIKE button. If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you It means a lot to us! *** Strategy: Bullish GARTLEY With potential Max R/R 2.63 *** Your support and feedback will always welcome Thank you for your time. The information contained herein is not intended to be a source of advice or credit analysis Regards, Walter EUR NZD : BULLISH GARTLEY IN FORMATION
by FOREXN1
EURNZD - Buy the market dip setup.EURNZD - Short term - We look to Buy at 1.7478 (market) (stop at 1.7439) With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. Daily pivot is at 1.7470. We look to buy dips. Dip buying offers good risk/reward. Early pessimism is likely to lead to losses although extended attempts lower are expected to fail. Our profit targets will be 1.7579 and 1.7626 Resistance: 1.7600 / 1.7650 / 1.7670 Support: 1.7540 / 1.7470 / 1.7450
Long
by Signal_Centre1
EURNZD - Buy the dip setup.EURNZD - Intraday - We look to Buy at 1.7481 (stop at 1.7439) With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals. We look to buy dips. 1.7480 continues to hold back the bears. 1.7446 has been pivotal. With signals for sentiment at oversold extremes, the dip could not be extended. Our profit targets will be 1.7614 and 1.7684 Resistance: 1.7585 / 1.7610 / 1.7670 Support: 1.7500 / 1.7480 / 1.7447
Long
by Signal_Centre1