Eurnzdbuy
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.
EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone.
Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
EURNZD - PULLBACK - 26. MAR. 2019WELCOME TO DACAPITAL-TRADING!
EURNZD FOREX BREAKDOWN 26 MAR 2019
1 HOUR
Forming new lows with strong bearish price movement!
4 HOUR
Price melting and need a pullback to the upside!
DAILY
Very bearish market taking out several lows and long holders!
PULLBACK SETUP
BUY EURNZD
ENTRY @ 1.63375
SL @ 1.62070
TP @ 1.64860
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
EURNZD SET TO SURGE HIGHER IN WAVE C OF (B)Hi Traders,
The EURNZD seems to have completed wave B of (B) which unfolded as a double zigzag pattern "w-x-y," after a strong sell-off in (A) from Oct-Dec 2018.
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Wave c of (y) of B also unfolded as an ending diagonal pattern. Also, prices have made a triple bottom pattern on the chart with MACD indicator also flashing bullish divergence (Not on chart).
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According to the Elliott Wave principle, every impulse is followed by a three-wave correction in the opposite direction, but EURNZD has only drawn two waves, labeled A-B, from the bottom of the wave (A) at 1.6330.
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This means that in order to fulfill the 5-3 wave cycle from the top at 1.7929, the bulls still have to lift the pair to a new swing high in wave "C" of (B).
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Considering the evidence supporting bullish bias on EURNZD, we will look for buy entry at market open. The projected target area for wave C of (B) is around 1.72497 where wave A is equal to wave C.
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What's your view on EURNZD? Let's talk in the comment.
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Thanks for reading!
Veejahbee.