EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
EUR-NZD
EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX
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
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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