EURNZD-BUY
EURNZD LONG what do we see for EN?
STOCHASTIC CROSS OVER ON 1H 4H STOCHASTIC OVER SOLD
PRICE RETESTING THE BROKEN RESISTANCE NOW SUPPORT
PRICE REJECTING THAT SUPPORT AREA FORMING A HAMMER
PRICE RE-ACTING TO 61.8 / 50 % ZONE
SCALE DOWN TO THE 8 EMA CROSSES THE 21 SMA FOR SNIPER ENTRIES
what iam looking for :
a strong price action candle on the 1H such as big bullish engulfing etc
EURNZD two possible buy opportunitieson DAILY: EURNZD is sitting around a strong support zone in blue so we will be looking for objective buy setups on lower timeframes.
on H4: we are waiting for a new swing to form around our upper blue trendline to consider it valid and enter on its break upward. (long-term)
on H1: we are waiting for a new swing to form around our upper red trendline to consider it valid and enter on its break upward.
EURNZD A Great Buying OpportunityTrade Proposal:
There is a probability of first tp to the proposed (1.76464) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals.
Technical analysis:
EURNZD Waiting for the Range Bound and the beginning of the Ascension Trend.
TP1= 1.76464
TP2= 1.78420
TP3= 1,82714
EURNZD Short Term ForecastH4 - The price which is moving inside a range has currently bounced from the bottom of it. Bullish divergence.
H1 - Bullish divergence, the price which is moving higher has currently broken above the most recent downtrend line.
Currently, it looks like a correction is happening, we may expect further continuation higher after correction.
EURNZD ForecastD1- Bullish trend pattern, we may look for pullbacks and buys.
H4 - Currently it looks like the pullback is happening inside a bullish flag pattern, bullish hidden divergence.
H1 - We have two important buy zones that has formed. Price has reached the first zone, bullish divergence.
Until these two buy zones hold my view remains bullish here.