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EURNZD-LONG

EUR/NZD B-Swing Trade IdeaWelcome back! Please support this idea with a LIKE and COMMENT if you find it useful. ***** EUR/NZD Analysis - Price is currently re-testing strong weekly demand level and provided a double wick rejection. Per the rules of B-Swing strategy, all rules have been met and we expect price to push up. Always plan for a dip below liquidity where banks will hit stops. Do not place tight stops around strong demand levels. DO YOU AGREE WITH THIS TRADE IDEA? Share your thoughts or questions in the comments. Be sure to follow the entry criteria rules for your strategy and keep this on your watch list! - BKH
Long
by BKTradingAcademy
EURNZD, Long Opportunity, RR 1:14Goood morning ladies and gents, EURNZD is poised to see higher prices today. It will rally up to the area marked as the final TP over the next week. Why? Simple. There was a consolidation (range) condition prior to a break to the top side. This induced retailers to look for longs, anyone who went long would have their maximum stop below the low of the range. Typical trading systems, lol. Price stop hunted to the other side of the range as expected, then cleared the EQ lows at the other side. This in turn, induced retail traders to look for shorts. However, we're currently in a Daily Bullish Institutional Orderflow with a clear objective to the topside. It's worth noting that although the daily structure is bullish, we're still in a weekly & monthly sell structure. Hence a TP at 1.68870 is advised as it's a potential point of reversal". Aligning seasonal tendencies with this technical perspective, it shows that EN tends to rally higher from the beginning of May until Mid May where a huge sell off begins, in line with our Weekly & Monthly sell structure bias. That's it for now. Take care.
Long
by Jiraiya_eth
EUR/NZD About to Break the Range - How to trade it?Good Morning traders! Today we will show you our vision in EUR / NZD, since we consider that in the short term it will present a good trading opportunity. Now we are going to explain why we say this: 🔸First of all, if we focus on the long-term chart (Daily), we see that the price bounced off a support zone and broke the Descending Trendline. Since then there was no clear direction and the price kept consolidating in a range. In these situations, is when patience comes into play. It happens that when there is no clear scenario to trade, we tend to look for or create risky situations that in the long term do not bring us benefits, just because we feel that we need to execute a trade. Instead of doing that, we must wait for the right situation, and now it is about to happen. 🔸What we propose is that given the scenario that we explained previously, this pair has bullish power in case there is a breakout of the current pattern. 🔸The next target is in the Resistance zone. If we analyze where we would place the entry, stop loss, and take profit, we realize that we have a negative risk-benefit ratio, since the income is above the current structure, the target is resistance, and the stop loss is below of the structure. 🔸What we do to prevent that from happening is to decrease the timeframe, and look for an opportunity there. Let's go to 4H: 🔸Basically, what we expect here is a breakout of the range but we will NOT take a trade there. We are going to wait for a corrective movement (in this case we illustrate it with a flag pattern), and we will operate that pattern, which does give us a good risk-benefit ratio. Obviously, not everything is perfect when setting this scenario. There is a possibility that the breakout is very strong and there is no type of correction, which would leave us out of the game. But it is a risk that we assume in order to put the probabilities in our favor.
Long
by ThinkingAntsOk
1
⚠️ EURNZD growth in trendThe price has been in a downward turn since March 2020. at the beginning of February 2021, the price broke through the trend support line (September 2019). It touched support at 1.643. This is a strong support line for April 2015. After two touches, the price will rise again. After the price touched a strong support (2015) at 1.643, it bounced back. Then it consolidated to the 1.647 line. It rose, broke through the 1.670 support and returned to the trend. Moving in a trend, the price came to support 1.665. I expect a rise to resistance. The target is 1.690. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
6
EURNZD - TIME TO FLY 🚀-Several Confluences. Keep it simple -Price Action moving within Bullish Channel -Price just tested 38.2% pivot and bounced right off with heavy support in that line on the daily timeframe -Should create a new higher high in the few weeks to come -You can set your SL below the trend line channel and TP @ 1.618 level or exit before that. Do not forget to bring SL to entry or 20 pips in profits to run risk free. Markets can be very volatile these days. -Purely Educational, Do not take this trade without doing your own analysis. 😎 Have a good weekend! Thank you for reading Cheers Rocket Trading Co.
Long
by PIPSXTRACTOR
Bullish Retracement on EUR/NZDGood day traders! Today we will show you our analysis in EUR/NZD and we will explain why we consider that it has upside potential in the short term. 🔸The first bullish sign we have is that the price bounced in a zone of weekly demand. 🔸After that, there was a break of the Descending Trendline. 🔸Those were the first two factors that made us consider a potential upside move. 🔸We always seek to wait for a correction or a pullback after a breakout to have a better risk to reward ratio of the trade. 🔸That correction lasted for several days, and we can finally see the bullish breakout. 🔸The target of this movement is the Resistance zone.
Long
by ThinkingAntsOk