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Eurnzdbuy

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
Long
by Mihai_Iacob
2
EURNZD Looking to Break Out of Another Key Level Major structure change is underway on this pair as price is bottoming out. Current level is very minor, but significant as price is looking to push higher. The previous breakout failure indicates that selling pressure remains rather weak. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
3
EurNzd has all ingredients for a strong reversalFrom 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon. 1.7 should be very well defended by bulls and my target for EurNzd is 1.75 in the medium term. In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance. In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
Long
by Mihai_Iacob
6
Trend Reversing On EURNZD Beginning to see a structural change on this pair. Daily chart will be posted in follow-up. Daily pin bar formed, which is a good indication price attempted to trade lower and failed to sustain. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Long
by FinancialGamblR
EURNZD, 4hr tf, buy descending channel breakoutHello my friends, My first trade for December is coming to you all. I am going to take a buy positions on EURNZD pairs. As you can see price, recently broken above the descending channel after moving inside it for 2.5 weeks inside it. We could expect price to rotate higher as there is also weekly trendline at this 1.7000 area. This 1.7000 could be an area of confluences support because so many support level right now at this point. Notice also the recent candle looks like a marubozu candle which indicates buyers strength. With this candle appearing on support, i could say buyers are trying to show it is now in control. Buy EURNZD 1.7010 Stop loss 1.6960 Take profit 1.7180 (3.4R) RR ratio 1 : 3.4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
EurNzd at confluence resistanceThe move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7 Yesterday the pair had a short dive under 1.7 but managed to recover above this important support. At this point, we are just at confluence resistance and a break here could signal a much-needed correction. In my opinion, dips around 1.7 should be bought and a long position in this zone could have a 1:3 R:R if we target the last congestion zone at 1.73
Long
by Mihai_Iacob
8