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Eurnzdidea

7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift. Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks. Weekly: A well-defined weekly internal bearish structure is in place. 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries. 🟢 Inducement: Done 🟢 Pullback: Completed with a proper liquidity sweep 🟢 Internal Structure: Sideways 🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time. 🟢 Time Frame Confluence: Daily and H4 2️⃣ Pattern 🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation. 🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market. 3️⃣ Volume 🟢 Fixed Range: According to it, in this bearish volume, 🟢 Volume on Breakout: Awaiting this 🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves 4️⃣ Momentum RSI 🟢 Zone: Bearish to strict sideways 🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range. 🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market. 5️⃣ Volatility Bollinger Bands 🟢 Middle Band: Price is under the middle band. 🟢 Contraction: A long and strong contraction; breakout will be crucial for this move. 🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions. 6️⃣ Strength According to ROC 🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD. 7️⃣ Sentiment ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ Current Move: Sideways; waiting for breakout ✔ Support Base: Previous swing low is support ☑️ Candles Behavior: Bears' candles appear stronger than bullish. 💡 Decision: Sell at the support line breakout 🚀 Entry: 1.7382 ✋ Stop Loss: 1.7602 🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 1:3 🕛 Expected Duration: 15 days SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
Short
by Optimum369
4
7 Dimension Trade Idea For EURNZD 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bearish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Impulsive 🟢 Inducement: Liquidity sweep and start impulse 🟢 Pull Back: 1 🟢 Internal Structure: Bearish 🟢 Decisional OB: Mitigated and gave a proper reaction Support Resistance Breakout/CIP: Playing a major role 🟢 Traps: False Breakout, considering the continuation, Shakeout 🟢 Time Frame Confluence: Daily 2️⃣ Pattern 🟢 CHART PATTERNS: Consolidation Gramophone Breakout, Shakeout Continuation Done 🟢 CANDLE PATTERNS: Long wick: at CIP area bearish, Momentum: many bearish candles appeared here, 3️⃣ Volume 🟢 A substantial volume observed during the consolidation phase, and also good at the breakout, meaning bears have full control of this pair 4️⃣ Momentum RSI 🟢 Zone: Bearish to sideways consolidation 5️⃣ Volatility Bollinger Bands 🟢 Middle band: Price Around here 🟢 Price is fully contracted in this point, volatility is compressed 6️⃣ Strength According to ROC 🟢 Values: 3.33 vs 7.04, NZD is much stronger than EUR 7️⃣ Sentiment: A small sell entry ✔️ Entry Time Frame: H1 ✅ Entry TF Structure: Bearish ☑️ Current move: Impulsive ✔ Resistance Base: Trend line resistance ☑️ Candles Behavior: Momentum ☑️ FIB Trigger event: Done ☑️ Trend line breakout: Done 💡 Decision: Sell right at the opening 🚀 Entry: 1.7498 ✋ Stop Loss: 1.7555 🎯 Take Profit: 1.7305 2nd If Internal Structure changes also Exit 3rd Trendline Breakout, Fomo 😊 Risk to Reward Ratio: 3.3 🕛 Expected Duration: 3 days SUMMARY: The analysis indicates a bearish stance with a well-defined structure and pattern confluence. Volume and momentum align with the bearish bias. The decision is to sell at the opening with specified levels for entry, stop loss, and take profit, considering potential internal structure changes and trendline breakouts.
Short
by Optimum369
EURUSD Looking BullishThe 4-hour support level has consistently demonstrated its reliability, as evidenced by several occurrences of notable price surges originating from this point. This pattern reinforces the likelihood of a substantial upward movement in the near future. It is advisable to closely monitor the charts for confirmation and updates. Looking specifically at EURNZD, the currency pair has currently reached a strong support level, suggesting the possibility of a significant rebound in its value. Traders and investors should pay careful attention to developments in this context.
Long
by HUMCRYPTOCLUB
BluetonaFX - EURNZD Head & Shoulders SHORT IdeaHi Traders! EURNZD has a potential head-and-shoulders pattern forming on the 1D chart, and there are opportunities for short entries to lead to a possible neckline break. Price Action 📊 Recent lower market swings with lower highs and lower lows, and the market is about to break back below the 20 EMA. We are looking for bearish momentum to fully complete the right shoulder and lead to a break and close below the neckline. Fundamental Analysis 📰 The NZD has found strength and bounced off session lows due to the parliamentary elections, as the country voted for a change in parliament. Support 📉 1.75127: NECKLINE Resistance 📈 1.78600: PREVIOUS DAY'S HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
5
EURNZD,a Long entry setup, Swing Trade.📣📈 Recently news about NZD: The New Zealand central central bank held benchmark rates at a 15-year high, as expected. However, the accompanying statement was less hawkish than anticipated. The RBNZ stated that policy needs to remain restrictive to ensure inflation returns to its 1%-3% target, echoing the global higher-for-longer narrative. However, it stopped short of suggesting further increases were on the table. The diverging economic growth and monetary policy outlooks between the US and New Zealand suggest that any upside in NZD/USD could be limited. In recent months, the growth outlook in New Zealand has deteriorated compared to a material improvement in US economic growth expectations. Additionally, the US Federal Reserve has left the door open for one more rate hike before year-end 📣📈 Technical analysis: 1) From our screener, it shows NZD reversal to weak side from Over Bought level in Daily chart which means there is a strong sell on NZD relative to other currencies since last week for some reason. 2) Regarding to technical analysis, most of NZD currency pairs has break of structure (BOS), it is the first step of a trend reversal. We are waiting for a successful retest for a Swing entry. 3) Our trading plan about EURNZD - a Long entry setup EURNZD was tested fairly strong support on the 200-day moving average, not too far from the June and July lows, with stronger support at the May low of 1.7165. Moreover it has a breakout of the early-October high of 1.7825 since last Friday. Execution: Coming 2 weeks, we are looking for a pullback above the 1.7165, that would be a higher low. Long Entry after the pullback. Stop loss at the May low of 1.7165. Target 1.8034 Risk and Reward 1: 2 or better.
Long
by ICT_Trader_SB
EURNZD I Potential pullback short continuationWelcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
8
EURNZD Long Term Buying SELLING IdeaHello Traders In This Chart EURNZD HOURLY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes_ (EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20