eurnzd eurnzd is very near to hit the first tb it is running over ✅✅✅✅ 300 pip since the last update , Take a look at the latest update in the link below , 🧙♂️The secret of success in predicting the movement is follow-up, and this is advice for everyone who practices technical analysis. You must know where the market finished forming previous models to succeed in anticipating upcoming models
✅ In short, you will not know what will happen as long as you do not look at what happened in the past
Eurnzdanalysis
Divergence signals and buying opportunities with EURNZDH4 time frame.
Structure: Downtrend.
A divergence signal and a double bottom reversal pattern appeared at the support area of 1.61000.
The current price tends to break the Key level at 1.63500.
Waiting for the price to clearly break the Key level and appear a retest signal can find buying opportunities.
Profit target is 1.66000 price zone.
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Wish you all have a good trading day!
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
A divergence signal appeared with EURNZDH4 time frame.
Structure: Downtrend.
Divergence signal appeared and Key level at 1.63000 was broken.
Wait for the price to complete the head and shoulders reversal pattern and have a retest to confirm the breakout, then you can find buying opportunities.
The profit target is the 1.65500 price zone.
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Wish you all have a good trading day!
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
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.