EURNZD Trade for 27-10-2020This trade is done according to EURNZD yesterday plan. It got my SL yesterday but it didn't make new HH.
Since yesterday, it made a structure and closed below the Support Zone.
I know i did take this trade early on anticipation that Resistance had formed, but i'd Small SL to risk and a confirmation that this resistance is below the Support zone
FX:EURNZD
EUR-NZD
EURNZD to see gains today.EURNZD - Intraday - We Bought at 1.7702
Dips continue to attract buyers.
We look to buy dips.
A higher correction is expected.
Bespoke resistance is located at 1.7830.
Pivot support is at 1.7670.
Our profit targets will be 1.7814 and 1.7862
Resistance: 1.7730 / 1.7780 / 1.7830
Support: 1.7700 / 1.7680 / 1.7615
Free EURNZD Sell a Break Setup.EURNZD - Intraday - We look to Sell a break of 1.7778 (stop at 1.7805)
1.8775 has been pivotal. Rallies should be capped by yesterday’s high.
A higher correction is expected.
We look for losses to be extended today.
Bespoke support is located at 1.7780.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.7703 (75 pips) and 1.7676 (102 pips)
Resistance: 1.7830 / 1.7865 / 1.7880
Support: 1.7780 / 1.7730 / 1.7700
💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.7680
TP2= @ 1.7583
TP3= @ 1.7468
TP4= @ 1.7330
TP5= @ 1.7162
SL: Break Above R2
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💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.7680
TP2= @ 1.7583
TP3= @ 1.7468
TP4= @ 1.7330
TP5= @ 1.7162
SL: Break Above R2
❤️ 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD SELL TRADE ALERT! - STILL TIME TO GET ON THE BUS !DETAILS ON THE CHART
PLEASE USE APPROPRIATE RISK MANAGEMENT
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
EURNZD ANALYSISEURNZD rebounded from upper limit of broadening pattern with strong bearish movement
Price is based below resistance level at 1.7964
MACD shows bearish momentum
RSI is below level 50
It's expected the continuation of bearish momentum to target first HVN at level 1.7740
then finally target lower edge of broadening pattern at level 1.7520
EURNZD Buy a break setup.EURNZD - Short Term - We look to Buy a break of 1.7796 (stop at 1.7769)
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7796, resulting in improved risk/reward.
Short term MACD has turned positive.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.7862 and 1.7875
Resistance: 1.7730 / 1.7765 / 1.7785
Support: 1.7700 / 1.7650 / 1.7630
EURNZD a short outlook? 🦐EURNZD on the 4h chart is now testing the minor dynamic trendline and the support structure.
IF the price will break and close below 1.77100 we can set a nice short order according to Plancton's strategy.
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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.
EURNZD ANALYSISEURNZD broke uptrendline
Price is based below HVN at level 1.7740 which indicates that pair is in distribution phase
Pair is based below key level at 1.7714
Below SMA 100
MACD shows start of bearish momentum
It's expected for coming bearish movement to target demand zone at level 1.7450
EUR/NZD Daily Support LevelPrice is stabilizing on daily support level at 1.77234. Overall we are in sellers territory so we are looking for potential sell setup below the daily level. If price broke the range at 1.77657 we are looking for buy potential setup with 1. target at 1.78300 where is the start of sellers territory.