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Eurnzdbuy

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
EURNZD It will break the triangle upward +160 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it continues to rise, this is considered a break of the marathon, so this break will be positive and it will move towards the upside to the resistance indicated on the chart. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Long
by Saeed966
1