Eurnzdanalysis
EUR/NZD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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EURNZD buy swing trade ideaEURNZD go all the way bearish and break the structure on the daily time frame as well. Now price has to retest that level and provide some bullish movement from here.
So buy would be a good option but it would be a risky one.
This is not financial advice. It is just an idea and market can go in the opposite way as well.
EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020...
With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020.
I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone.
I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
EURNZD Long almost cooked upWait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than a couple % of my account!
Lets run it...
EUR/NZD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Notice: All trades are risky due to thin volume -> Sudden volatility can always appear.
Market-Buy: 1,72150
Stop-Loss: 1,71700
Point Of Risk-Reduction: 1,72550
Take-Profit: 1,73000
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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