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Eurnzdanalysis

eurnzdEURNZD - LONG Why are we entering? - Price created an impulse and is in a correction - Expecting NZD Weakness and EUR strength = EURNZD LONG. What are we waiting for to happen? - bounce off the bull flag support - If we don't get a bounce there, look for the double bottom - Break of WFB trendline What is our confirmation? - Bounce off one of the levels mentioned - break of WFB trendline Entry SAFE Entry: Bounce of structure and then WFB Risk Entry: Bounce off bull flag/double bottom Once entered, where will our Stoploss be? - Below the area where price bounces off Where do we take profits? - First TP: 1.653 - Second TP: 1.69 - Third TP: 1.71
Long
by Elrouby
EURNZD Buy Opportunity Step By StepEURNZD has been pushing down quite nicely. As I am watching the 4 hour I see price has reversed. Let me break down the reversal on the 4 hour: 1. The last lower high was 1.62789 2. Price made a higher high at 1.62813 3. Price made a higher low at 1.61935 4. Price made a new higher high at 1.63083 All of this indicates at this moment buyers are in the market. The best way to participate is to anticipate a pullback. If this week, price can pullback and stay above 161935 that will be a good opportunity to become a buyer back up to 1.63083 if this is a true higher high.
Long
by ShaquanLopez
EUR/NZD SELL 4H 📉Hello and welcome traders to another trade idea with Fobian ☝️ Firstly, if you like what you see, please support our work by writing a comment and SMASH that like button! 👍 Let's catch these moves together! ✅ 👉 WE are waiting for conformation: - We have big push on downside. - EMA's give us SELL signal. - Break from uptrend channel. 💡 Why should you follow our profile on TradingView? Consistent chart updates Clean charts Short and long-term perspectives Visually teaches you valuable lessons High probability setups Analysis on a wide range of major markets SMASH that follow button! 👍 💡 Leave a comment and/or message us on how we can improve and provide better content, we are open to suggestions to create a better experience for you! Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
Short
by TBFinan
EURNZD LongList of confluences: 1:Stop loss hunt at previous low on weekly chart 2: Double Bottom formation on daily chart around previous low on weekly chart 3: Daily chart and H4 trendline breakout Summary: Price is currently over extended and has been moving in a down trend for 3 weeks straight. We are looking for a potential pullback to just above the 50% (1.69187 - 1.68428) of the previous down trend. There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the downside. You could add a 6Ema and 30 SMA on the H4 time frame for more confluence. This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high in the direction of the trend
Long
by NDOBObanks
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