Eurnzdanalysis
EURNZD H4 ANALYSIS PRICE Is squeezing on the h4 timeframe. Either direction is possible but Daily timeframe does have a bearish candle pushing price lower.
Looking to restest old demand zone for support around 1.6600 or go lower.
Looking at trendline break for indication for buyers in the market. Possibly waiting for lowest price to enter.
EUR/NZD UPDATE - Fall to be expectedHey tradomaniacs,
recent EUR/NZD turned out to be an S/H/S-Pattern which increases the likelyness of a drop here since indicies are probably showing a pullback today.
If thats the case EUR/NZD tends to fall due to risk-on in the market causing NZD and AUD to raise stronger than EURO.
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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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
BUYING OPPORTUNITY FOR EURNZDEURNZD has been quite choppy for about two weeks now since it hit the monthly support zone. Despite the market conditions, we can see the price making an inverted head and shoulder structure. From there we can catch a short buying trade as displayed on the chart above.
Nice trading!
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
If you want you can of course extend the stop-loss a bit as we get important news today!
EUR/NZD: Daytrade-Execution
Market-Buy: 1.66200
Stop-Loss: 1.65510
Point of Risk-Reduction: 1.67030
Take-Profit: 1.69500
Stop-Loss: 65 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Execution
Market-Buy-Order: 1.66930
Stop-Loss: 1.66590
Point of Risk-Reduction: 1.67260
Take-Profit: 1.68150
Stop-Loss: 30 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EURNZD to head bullish?Let me start off by saying this currency pair isn't my strong suite but if the confluences are there, hey. Go for it.
Okay.
I don't know if anyone else has noticed this but EURNZD has been trending since March 22nd this year. I used multiple timeframe analysis and well from the daily chart its just trending (said that already).
I also drew out some demand and supply zones. Price went down into my demand zone, formed a double bottom and it is likely to bounce off that zone and start heading bullish. If price doesn't start heading bullish now, it is likely to start from the 1.66600 psychological level.
Initially I was thinking price would bounce off the 1.67000 psychological level but price broke that level before forming a bullish engulfing candlestick on the 15m timeframe.
What do you think?
TRADING SETUP FOR EURNZD
EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure.
Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market.
NB; once the price continues to fall below the yellow structure, the setup will be INVALID.
What's your opinion on EURNZD? Comment below...
EURNZD For A SellThis week we have looked at a certain pattern style based upon a consolidation and impulse push drive away from these areas. The return we look at a logical area on smart money for this week i have looked at the 15 minute set ups on this pair its the 1hr chart lets see if we get the return or pull back into our bargain price area for the entry the tp as always is the end of the original impulse push
What are your thoughts........?