Eurnzdforecast
EURNZD H4 LONG PRICE ACTION FORECAST With the EUR bullish across the board, the EURNZD pair allows the setup of a long entry after finding rejection from a strong support level and forming a double bottom. Price action is heading towards the resistance line for the descending channel where it has been trading.
The order:
Type: buy-stop
S/L: 120 pips - R:R | 1:2 -
T/P: resistance level
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#EURNZD Both Possibilities BUY & SELL Here in EURNZD we have both the buy & sell Moves once it break these levels, as well, if it break the trend from up then BUY SIGNAL will be there & what if it go on falling still, remains in its trend then no matter it will hit its resistance then after that we have some scalping trade.
Hope the best & keep patience, sucessful trade will be there.
This would hopefully gave you a certain point where to enter for the hope of profit.
EURNZD Potential Rejection Giving Us BULLISH Opportunity!!! As we can see price level for EURNZD now is currently at a double support level :trend support level and support level @1.7412. This gives us a bullish potential which I believe we will see a rejection off this level. Looking at bollinger band, I can see it potentially breaking the middle band heading for the upper band where we a double resistance is at (trend resistance and resistance level @1.7785. As of now, I will be looking at a bullish opportunity taking into consideration a strong resistance level at around 1.7785 price level.
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EURNZD SHORTReversal at the downward trendline on the 4H and the pair has formed a symmetrical triangle.
I expect the price to trade within this triangle and then hitting the first take profit before proceeding to take profit two to potentially form a double bottom.
Risk-Reward Ratio: 1:4.52
SL: 1.75785 ( -69.4 pip risk)
TP1: 1.73662
TP2: 1.71955
BREAKING: #EURNZD to challenge 11 year highsThe multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs.
EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years.
This is a market definitely to look forward to witnessing it's unfolding.
Even sleeping dogs can only lie so long.