EURNZD OUT OF FALLING WEDGEWe have seen EURNZD break out of its falling wedge with clear bullish pressure.
Now, we expect some pullback before a continuations upwards.
This pair now tops the watchlist so that we'll see the move when it happens.
We'll watch how price reacts to the previously broken level before looking for buy setups
Eurnzdforecast
FALLING WEDGE ON EURNZD?As we see clearly, it's a falling wedge on EURNZD.
Price is slowly correcting and still moving sideways.
We expect a breakout of this wedge, or a continuous push to the downside.
Either ways, we need momentum to continue trading this pair.
As for now, we wait on the sidelines.
EURNZD LONG Readyyy!!!Lovely order on Eurnzd R:R 1:7
❗️ First lets wait for price to close above our support then set this order ❗️
All supports and resistances are determined on the chart
⚠️Take Max 1% of your capital on this trade⚠️
‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit
Clear setup
@FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward
Lets make trading simple W/ @FxShzd
👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻
Good-luck everyone
eurnzd neutraleurnzd analysis :
Reasons :
1)there has been 2 resistance levels from which the market crossed the 1st resistance level and came uptrend and there is another resistance level as of now and it and didnt succesfully pass through that as right now ,
right now it is no trading zone as it is fluctuating a lot from 3 weeks
so until it passes the no trading zone and cross the resistance level we cant expect to trade
once it does,it goes for a potential up or downtrends
Trade carefully
EURNZD TO CONTINUE TO THE UPSIDE?With the nice impulse move to the upside, we can expect some minor pullback before the continuations.
A pullback into the key level at 1.69500 is ideal, and we'll watch how price reacts at this area.
If there's a rejection and then a bounce, we could see the next bullish move from there.
EURNZD LONG TERM FORCASTCurrently this pair is on a short tern buy an easy 500+ pips on the table as of next week we are looking @ 168630 to scale in, once we hit that we are looking at a short which will produce about 1400+ pips.
Then we are looking forward to the long term buy which can take a few years to playout but time is irrelevant to us direction is what matters. We are not big on fundamentals but we believe that the whole structure of the market
follows a road map and our job is to find the blueprints of that map.
EURNZD, 1HR tf, buy position for wave-5
Same setup with EURAUD but there is slight difference as on EURNZD wave-3 extension is complete.
We are on the process of wave-4 retracement which might end at around 38.2 fibonacci retracement.
Buy EURNZD 1.6960
Stop loss 1.6910
Take profit 1.7185 (4.5R)
Use only 1-2% risk
Good luck
EUR/NZD with a nice sell-OPPORTUNITY!Hey tradomaniacs,
EUR/NZD seems to setup a short-trade here as the previous breakout has resulted in a strong momentum with a very decent pullback now and all this without any corrections.
At this key-resistance, we have seen many fake-moves, rejections and recently a strong momentum to the downside (distribution).
So far the market shows clearly a sign of weakness here, especially since higher volume was not able to push price through it.
Either wait for another fakeout or for momentum to the downside to get a decent confirmation!
Nice risk-reward is worth to trade this!
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EURNZD: my multi-time frame analysisHi Traders,
This is my multi time frame analysis on this pair for the next few days
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen