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Eurnzdanalysis

EUR/NZD 4HR SELL SET UP HAPPY NEW YEAR Hi TRADERS this is my trade set up for the EUR/NZD for the new week ahead EUR/NZD has been going sideways now since 30th November 2021, its in a big range, i am looking for a sell trade after a double top has formed on the 4hr chart, wait for the break of line before taking a sell trade, also take care as could be a possible break out if so then we will look for a buy trade set up, all info on chart This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome HAPPY NEW YEAR TO ALL
Short
by Costy13
EUR/NZD: Exhausted impulse? keep an eye on this Short idea! Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Weekly timeframe: Daily timeframe: 4 hours timeframe: Recently, the market got a really strong bullish impulse from the lower to the higher part of this huge daily descending channel and was recently showing signs of weakness. It currently broke the pattern and is retesting it, with a good possibility of a movement to the downside, considering an overall downtrend in higher timeframes. When, where and why would I step into the market? Before entering the market in the current area of breakout, I will be looking for a good entry point in a lower timeframe (1h or 30min), as you can see on the chart, the responsive movement trying to push the price back inside the pattern is quite weak, clue that possibly buyers are not interested in that level anymore. My stop loss would be just above the last swing high and the take profit around the demand zone. I will be trailing my stop loss on every new confirmed swing. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
36
EURNZD Sell with 3 confluences listed List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to 1. We will only look of entries on the retest of key level 0.7184*. The trade will be executed either using manual entry or pending order, depending on the location of price after the breakout. The trade could be a RR +- 6 to 1, but we looking to trade about 60 - 65% of the move as there is a much higher chance of out T.P getting reached with a good RR. We do not want to stay in trades too long as anything can happen. If we get stopped out, will look to other currency pairs for setups and only look at EURNZD next month.
Short
by NDOBObanks
3