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EURNZD-LONG

EUR/NZD Multi-timeframe Analysis + Bullish SetupGood morning traders, today we bring you our bullish setup in the EUR/NZD pair along with its long-term analysis. 🔸As we see in the 4H chart, the price is in a great consolidation at the edge of the bearish channel. 🔸Regarding the corrective pattern, it is a clear A-B-C pattern, which we can now consider finished. 🔸If we draw the trendline of the corrective move, it has already been broken. 🔸Although the previous point is evident, we consider that the safe place to take bullish positions above wave B of the correction, since it is the previous high, and, if it is penetrated to the upside, that will be a clear bullish signal. 🔸Regarding to the stop loss, it is positioned below the structure. 🔸The take profit is in the next Resistance zone. 🔸The reason why we look for this setup in the 4H chart is because of the clear bounce that the price is making in a huge zone in the weekly chart, we can see it below.
Long
by ThinkingAntsOk
1
EUR/NZD Long Position IdeaAfter a long fall, the price is at the support line of 1.64. This line was formed back in 2019! It has been around since the very beginning of the chart. Of course, there have been breakouts over the years, but the strength of the line has stopped the fall many times. I expect that the price will stop falling and start to grow. This is a very strong position to open a buy trade! I will never tire of reminding you of the importance of SL. Look for it traders:)
Long
by UnknownUnicorn11002527
EURNZD open a long-term buyLet's get back to this pair. The last forecast was in early December and it came true. In August 2020, the price dropped from the resistance at 1.818. At the end of January 2021, it came to the support zone of 1.663. This zone consists of the 2015 support + line. The price started to rise in February. From the support zone, the price began to rise. Open a long-term buy. SL - 1.601. TP - 1.823. -------------------- Share your opinion in the comments and support the idea with likes. Thank you for your support!
Long
by DeGRAM
12
M - formation to be completed on EUR/NZD (daily chart)Hello guys and girls, her my expectation for the next movement in EUR/NZD. The grey path tool shows the spotted M formation, that in my opinion not fully completed jet. Entry confirmation: Price formed a potential double bottom right at the weekly uptrend line. Plus a long wick peaked under the daily resistance and came right back up. Please feel free to commend, if you got the same or an other opinion on this current situation in EUR/NZD. Greetings Jens
Long
by Jens_C