EURNZD 4Hr Short!
As charted earlier, price Failed at Resistance 1.73619.
It is right to not overlook or under-estimate a retest at 1.73619 | 1.76831 zone for Short entries.
HOWEVER, recent price action suggests areas where price is likely to Experience Tests and highly likely FAIL so as to seek new Buyers at listed Target zones and finally drive price UP to new upside Targets 1.76823 | 1.81826 zone.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Thank you, Happy Trading.
Eurnzdforecast
EURNZD UpdateEURNZD is trading at the top and giving bearish divergence on the indicator levels. We are expecting bears to be active from here and push the price to atleast tendline support first and then break below to new lows.
Alternatively, if it manages to break above, bulls to take price to new highs.
Trade your levels accordingly.
EURNZD 1H TF Price tested the upper trend line in the channel. A Head & Shoulder pattern is formed and I want to see price complete the pattern.
1) The 10 EMA has crossed the 20 EMA on the 15m, 30m, and about to crossover on the 45m and 1H TF.
2) The RSI and MACD (bearish crossover) on the lower timeframes suggest a short-term bearish trend.
EURNZD is bullish on the Daily and Weekly timeframe, so price can continue to the upside ( you can't predict how deep a pullback can be). Hoping to hit this target in the next few hours. Then go long later in the session.
Pls like & follow if you find this helpful.
EURNZD hrly short | Algorithm TradesEURNZD hrly short
Shortstop @ 1.69987
TP #1 @ 1.69526 76.67% wr
TP #2 @ 1.69078 46.67% wr
SL @ swing high 1.70654 16.67% hr
Half risk due to lack of trend on our indicators on mt4.
WR and HR determined from past trades on this pair.
More trades like this on my profile, or on Bifrosttrades.com
EUR/NZD 4HR BUY SET UPHi TRADERS this is my trade set up for the EUR/NZD for the new week ahead
EUR/NZD I think will come back to test the Breakout from last week before going higher to my TP area order block zone, so I am buying only
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
EurAud&EurNzd could fly soonA few days ago I said that I expect EurAud to break above resistance and reach 1.62.
Yesterday the pair confirmed 1.57 as a strong support zone and reversed losses to reach 1.5850 resistance again.
Since the beginning of November, the structure is bullish for this pair, with a sequence of higher lows in place.
Once/If 1.5850 will fall, EurAud should accelerate gains and, as I said, 1.62 is my target.
EurNzd:
The situation here is pretty similar, with a bottom in November and the pair trading just under resistance.
The structure here is also constructive and we can expect a break of this resistance.
1.75 can be bulls target
EUR/NZD 4HR BUY SET UPHi TRADERS this is my trade set up for the EUR/NZD
i am expecting A DECENT CANDLESTICK CONFIRMATION IN the order block zones and will be looking for a buy trade only if it meets your criteria for a trade then execute
KEEP A CLOSE EYE ON 4HR AND 1HR CANDLESTICKS, PREFERABLY THE CLOSE OF NEXT 4HR CANDLESTICK 6PM UK TIME
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD top-down analysis, UPDATED!!Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZD Sell with 3 confluences listed
List of confluences:
1: Trendline Breakout and close
2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created.
3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart.
Summary: This trade has a potential Risk Reward (RR) of 3.62 to 1. We will only look of entries on the retest of key level 0.7184*.
The trade will be executed either using manual entry or pending order, depending on the location of price after the breakout.
The trade could be a RR +- 6 to 1, but we looking to trade about 60 - 65% of the move as there is a much higher chance of out T.P getting reached with a good RR.
We do not want to stay in trades too long as anything can happen. If we get stopped out, will look to other currency pairs for setups and only look at EURNZD next month.
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EURNZDHello Traders Welcome back to another profit day
If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions
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.
EURNZD view with Order block
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.
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have a good profit day guys