EURNZD Strong SELLAfter the big rise, the value needs a retest before continue increasing, so we expect this fall arrive at least to the KL with the possibility that the value do a retest in the downtrend to climb stronger, be focused in this value because the entry could be very interesting and in not too much !!
EUR-NZD
EURNZD Post news trade set-up + 100 Pip PotentialWe had a good push down on the NZD Interest Rate decision and this pair has now gone into a consolidation between 1.6941 (High) and 1.6857 (Low). Moreover, it is now below the Daily, 60 and 15 min KS, as well as the 15 cloud.
Entry = 1.6920
Stop = 1.6940
Risk = 20 pips
Profit target = 1.6820
Reward = 100 Pips
RRR = 5-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
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Allen
EURNZD | Cup & HandlePlease support this idea with LIKE if you find it useful.
Initiate Long.
Entry - 1.72023
TP1 - 1.74636
TP2 - 1.76218
TP3 - 1.77764
TP4 - 1.79272
SL - 1.70950 (Please consider putting your stop-loss under resistance zone)
Reason: Price formed Cup & Handle, was supported on Pivot Point. Now breaking Ichi Cloud resistance. We can initiate a position on a breakout of horizontal.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
EUR/NZD starting the new Bullish Impulse by ThinkingAntsOk4H CHART EXPLANATION:
Price was on a downtrend, but it started to lose momentum. New higher highs and higher lows was printed, and the Ascending Channel was broken. Now, it did a pullback towards the broken trendline of the channel, and it was rejected. We expect a new bullish impulse on this pair. Will look for a lower timeframe setup.
DAILY CHART ANALYSIS:
EURNZD | Price is Overbought (Risky Setup)Please support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1.71142
TP1 - 1.70106
TP2 - 1.68501
TP3 - 1.67517
TP4 - 1.66300
SL - 1.71453 (Please consider putting your Stop-Loss Above Horizontal Resistance)
Reason: Price being rejecte by Horizontal Resistance. RSI is overbought.
-This setup is risky because of previously we had situation when the price had not reacted on being overbought and continued growing (situation you can see on the chart, price was interacting with the same horizontal). You can consider initiate a position on a confirmed rejection
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.
EURNZD | Price is Overbought (Risky Setup)Please support this idea with LIKE if you find it useful.
Initiate Short.
Entry - 1.70113
TP1 - 1.69070
TP2 - 1.68474
TP3 - 1.68077
SL - 1.70436
Reason: The price is overbought according to RSI (though it can be overestimated due to previous decline). The price might be Rejected by strong resistance zone and 61.8% fib level.
Please consider entering this position on the price already retraced.
Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable.
Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts.
The information given is not a Financial Advise.