EUR-NZD
EURNZD D analysis +4H in comment [75pips]Good bulish candle formed on day chart - expecting continuation - trend line good - technicaly good -
ENTRY: 1.74450
TP1: 1.74750
TP2: 1.75000
TP3: 1.75200
SL: 1.73600
Chart time frame - DAY
Time for reaching TP - 1 - 3 days
Follow, Like, Share or Comment
Thanks on supporting!
All best!
EN ContinuationHere we have a recent bearish trend that we are looking to capitalize on, as we know that the trend is our friend. We have had consistent lower lows and lower highs, with no clear sign of a good retracement to make a trendline connecting 3 points. I believe this is close to the top of the retracement which will make our new connecting point for our trendline. Last lower high was set at 1.7457 so any break and close above that will invalidate this trade. conservative traders should look to keep stops above this level, whereas aggressive traders should look for a 30 pip stop around 1.74320. TP should be set towards 1.73000
EURNZD: Solid Bullish Signals for BuyingThe price reached the uptrend line. From the higher timeframe, this zone is also supported by SMA200. We have a strong support zone where the market can give us interesting buy opportunities.
We can see that the price broke the local downtrend line. It is the signal that the downtrend is not so strong now. The 2nd downtrend line based on new swing highs can be used as the signal line. If the price breaks it too, it will be possible to open long positions based on a breakout signal. As the alternative, a confirmed reversal signal from the uptrend line will be good for buying too. But this trading signal will be with higher risk.
For both types of buy signals, stop-loss orders must be placed below the uptrend line and the local swing low. Profit targets should be placed at 1.75500 and 1.77000 resistance levels.
Also, there is another bullish signal. It is based on a double bullish divergence, which gives us a trend reversal signal.
We have solid bullish signals and good buy opportunities. But will the market move only upward? We will see because the market can have its own plan for today. Fundamental news also can push the price downward. The breakout below the support zone is possible. That's why we have to use stop-orders below the support zone and exit from the market in time. But even if the market continues falling, it will become more oversold and good for buying.
I remind you, it is only my personal opinion and a trading idea based on it. If you have your own trading plan, it is better to follow it.
EURNZD Good time for correction!After successfully done its triangle,
the currency pair EUR/NZD lost around 400 pips of its value.
From 1,7700 to 1,7335.
Now EURNZD meets 3 support lines in one zone:
EMA;
D1 trendline (third touch);
Horizontal support line from previous bottom.
We expect a downtrend to continue,
but before that, a correction around 1,7420 - 60,
where are 38.2 Fibo and many horizontal resistance lines.
EURNZD D analysis +4H in comment [100pips]Good bearish candle formed on day chart - expecting continuation - trend line good - technicaly good -
ENTRY: 1.73700+-
TP1: 1.73400
TP2: 1.73100
TP3: 1.72900
TP4: 1.72700
SL: 1.74615
Chart time frame - DAY
Time for reaching TP - 1 - 4 days
Follow, Like, Share or Comment
Thanks on supporting!
All best!
EURNZD #Forex #ForexTrader #ForexTrading #ForexChartWas really hoping to take this pair long above the 1.76
But we never got a daily close above it. Now it looks like it could be putting in a potential H&S pattern to go short
But with all the brexit news i dont even think i will be taking the trade.
happy trading people
EUR/NZD - Possible Target In Case Of A Bullish Breakout*** DISCLAIMER ***
Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
****************************
The trend on the daily chart still seems bullish, so the next target for the price could be the resistance drawn on the monthly chart.
Obviously I won't take this trade blindly, but I will wait for the retracement of the bullish breakout, the optimal confirmation for me would be an engulfing pattern on the 4H TF.
EURNZD Triangle Breakout EURNZD Running in symmetrical Triangle past 20 days
Confirmed BULLISH breakout happened
Price breakout Resistance @ 1.7495 as a confirmation for new bullish wave
Volume profile show that triangle was really congestion area , once breakout occurred , will notice bullish explosion
EURNZD week analysis [120pips]Weekly sentiment changed, i expect continuation of higher bearish market in next period
ENTRY: 1.74200+-
TP1: 1.73900
TP2: 1.73600
TP3: 1.73300
TP4: 1.73000
SL: 175.100
Chart time frame - WEEK
Time for reaching TP - 1 - 5 weeks
Follow, Like, Share or Comment
Thanks on supporting!
All best!