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Eurnzdidea

EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈. This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 1.78600 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.81000 psychological level and possibly testing the strength of the 1.81162 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspair
Long
by charles-okoukoni
3
EURNZD - Potential Reversal Zone Identified - Bullish BiasThe EURNZD pair is currently forming a Harmonic Pattern, specifically an XABCD pattern. This pattern indicates potential reversals in the market. At the completion of the pattern, we identify Point D, which is considered a Potential Reversal Zone (PRZ). Confluence with Key Support Area: Point D aligns with a Key Support area, further reinforcing our bias toward a potential trend reversal. This confluence strengthens our confidence in the upcoming price action. Anticipated Trend Reversal to Bullish: Given the formation of the Harmonic Pattern and alignment with the Key Support area, we anticipate a bullish trend reversal from Point D. Entry, Stop Loss, and Take Profit Levels: Entry: 1.79370 Stop Loss: 1.78420 Take Profit Targets: TP-1: 1.80375 TP-2: 1.81290 TP-3: 1.82250 Conclusion: With the formation of the Harmonic Pattern and the alignment of Point D with a Key Support area, we anticipate a bullish trend reversal in the EURNZD pair. Our entry point, stop loss, and take profit levels have been carefully calculated to maximize potential gains while managing risk. Traders should monitor price action closely for confirmation of the anticipated reversal.
Long
by trading_jupiter
EURNZD Technical Analysis and Trade IdeaThe EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective buying opportunity. It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
Long
by fxtraderanthony
EURNZD → Day Analysis | BUY SetupHello Traders, here is the full analysis. Price reversal going up, levels for BUY . ! Great BUY opportunity EURNZD I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking. It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital. Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
Short
by fxtraderanthony
EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity. Trend: EURNZD demonstrates a well-defined downtrend. Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure. Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone. Trade Idea Direction: Short Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level. Target: 1.74840 Stop Loss: Place the stop loss above the recent swing high to manage risk. Important Disclaimer The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
Short
by fxtraderanthony
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