Eurnzdbuy
Long EURNZD 7-21-19As we see on the H4 chart on EURNZD we see that it has been in a previous downtrend then uptrend and as we look at the chart we see that pattern possibly starting to happen again and we are also oversold on the RSI after it has been in a downtrend again so we may see a possible uptrend soon to come.
EURNZD BuyAfter a 471 pip move to the downside, EN is set for a nice correction. The daily MACD shows the sell losing strength. The 4hr buy is losing strength as well. However, the 1hr just crossed for a buy and once it retests, we will enter. Both the 15min and the 1hr EMA's were broken but waiting on retest b4 entering.
EURNZD approaching support, potential for a bounce!
EURNZD is expected to drop to 1st support at 1.66912 where it could potentially react off and up to 1st resistance at 1.68917.
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EURNZD LOOKING GOOD FOR A BULLISH EXTENSION I previously marked up EURNZD with a bullish prospective ( i have attached the previous mark ups). Price recently broke out bullish after respecting support.
Price is currently moving bearish into what i would see as a retracement. So price has the potential to reach the support i have marked at the grey price line which is also our entry and move bullish again.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Happy trading all
EURNZD TO KEEP GOING LONG I previously did a daily mark up on this pair and in my opinion, this pair is bullish. I have attached the daily mark up on below. We may see price retrace to the price level i have marked with the grey horizontal line and then move toward our take profit (green line). We also have bullish divergence forming.
I would recommend only risking 1% on this trade.
Stop loss - Red line
Take profit - Green line
Happy trading.
EURNZD FOR THE BULLS..As you may have already gathered, I am a Bullish Trader. My edge is bullish, so I only buy and I don't sell.
EURNZD reached some daily and weekly support where price then reversed Bullish. I have pulled Fibonacci retracement from the start of the bullish move at the bottom to the top where price started retracing. I always mark my entry points at 50% but do keep in mind price can continue retracing to 0.618 and .786 . If that happens our TP will be adjusted accordingly.
We also have Bullish divergence forming on RSI.
Take profit has been marked.
Stop loss has been marked.
Feel free to comment and ask questions and be sure to hit that follow button :) !!
Happy trading all.
Malika K
More Kiwi Weakness? - Ichimoku EUR/NZD Long Trade SetupThis pair has seen a really nice bullish trend since its original kumo breakout a couple weeks ago. I am looking to hop into a trend continuation here to catch some more bullish movement. I've set a buy entry above our current candle, but a more conservative entry would be at or above the wick of the most recent structure high. I've drawn out some partial take profit levels where I can look to take some profit and risk off the table should this setup advance my way. If price fails to break higher or hold support, this setup may become invalidated.