EurNzd- new leg up in the next few days?After reaching 1.75 support zone, EurNzd corrected 300 pips to 1.78 where it found strong resistance.
The pair is trading in range now and the price at the time of writing is near the support zone that lies at around 1.7650.
I favour long positions as long as this support holds with a target to mentioned resistance.
Eurnzdforecast
EURNZD, daily timeframe, buy on strong support rejectionHello my friends,
I just found an interesting opportunity at EURNZD pairs. This pair has been going down for 600 pips from the recent rally. In my opinion this looks like an exhaustion after a fierce 1100 pips upward movement.
I tried to analyze this chart using fibonacci retracement and this pair seems to respect 61.% fibs retracement.
There is also ichimoku cloud support, horizontal support and EMA-200 at this 1.7600-1.7550 area so we could say this is an area of confluences.
I am going to buy EURNZD at the beginning of Monday to try this opportunity.
Buy EURNZD 1.7590
Stop loss 1.7450
Take profit 1 @1.7730
Take profit 2 @1.7870
Take profit 3 @1.8010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
EURNZD selling opportunityAfter reaching the 52 week high of 1.8224 AUDNZD is in clear downtrend and it's it is also make some head and shoulder pattern which is clear sign of bearish is territory
At around 1.77340 we had a bearish flag it's further accelerate the downfall of EURNZD
And major resistance was broken and the resistance turned as support for the downfall
the primary target would be 1.74180 and the next target would be 1.72700
EURNZD NEW ANALYSIS!Hi Traders, here is the full NEW Analysis / Breakdown for EURNZD.
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EUR/NZD SELL PLANHey tradomaniacs,
EUR/NZD is moving towards a nice resistance-zone and could give us an awesome opportunity to follow the current trend.
If market confirms with volume, momentum and volatility (pref a fakeout) I will short EUR/NZD as markeed up at the resistance-zone and Trendline!
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Peace and good trades
Irasor
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EUR/NZD BUY SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Execution
Market-Buy-Order: 1,80920
Stop-Loss: 1,80540
Target 1: 1,81310
Target 2: 1,81460
Target 3: 1,81720
Stop-Loss: 37 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,21
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EurNzd- Do we have a top in place?After the double bottom at around 1.72, EurNzd has risen 1000 pips almost vertically.
A top could be in place now marked by a double Pin bar formation and some kind of tweezer top at the end of last week.
Now the pair is hovering just above 1.8 important support and a daily close under this support could lead to a deep dive to 1.76 zone.
Sell rallies is my strategy for this pair
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Market-Buy: 1,80710
Stop-Loss: 1,80250
Target 1: 1,81130
Target 2: 1,81400
Target 3: 1,81780
Stop-Loss: 46 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me.
Any questions? PM me. :-)
EURNZD, 2hr timeframe, sell on zone retest Hello my friends,
Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support.
This support now turned into resistance and price currently retesting it.
EURNZD also has broken below the trend line, so I could say the short term trend is now bearish.
Sell EURNZD 1.8055
Stop loss 1.8120
Take profit 1 @1.7950
Take profit 2 @1.7880
RR ratio is 1 : 2.5
Risk only 1-2% of your equity
Move stop loss to entry once it hit TP1
Good Luck
EURNZD approaching 1.8231 resistance level!EURNZD still on bullish trend and it can be seen on the higher peak and higher trough formation that inline with trendline support as well. we have 1.8231 resistance level as an upside price rejection target to go short.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX