Eurnzdlong
EUR/NZD Running In 75 Pips 0Drawdown , New Entry Added Now This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Will buyers return for EUR/NZD soonThe pair has been cruising above a rising trend line on its hourly chart, forming higher since the start of this month.
Price looks ready for another test of support, which happens to be right around the 61.8% Fibonacci retracement level and the 1.6100 major psychological support.
To top it off, this lines up with the 200 SMA dynamic inflection point which adds to its strength as a floor.
The 100 SMA is above the 200 SMA to hint that the uptrend is more likely to resume than to reverse. Also, Stochastic is pulling higher after its dip to the oversold region, indicating that euro bulls are ready to return.
In that case, EUR/NZD could be in for another rally to the swing high around the 1.6350 minor psychological mark and beyond.
Better keep your eyes peeled for reversal candlesticks around the area of interest if you’re taking a long position on this one!
Upcoming Potential Catalysts on the Forex Economic Calendar:
U.S. core durable goods orders at 12:30 pm GMT
U.S. CB consumer confidence index at 2:00 pm GMT
U.S. new home sales at 2:00 pm GMT
U.S. Richmond manufacturing index at 2:00 pm GMT
EURNZD POTENTIAL POSITION1.73400 IS MY TARGET
This trade is a 1:40 trade which if you check my recent trades is more than possible. However, this is a much longer term trade which i am using a slightly different approach to the trade. Given the current economic climate i am buying all dips on the EURO. I see big potential for this trade but when using such small SL anything can happen and you may get stopped out in a matter of minutes. I will only be using 0.5% risk.
Eurnzd Time frame AnalysisEurNzd
1st Window.
In this window we can see Trendline has been broken three week ago. And now this week market is testing its trenline since March 2020. But here 50 SMA is also a resistance. After that we also have resistence near 1.6811 since June 2021 and after that we also have a strong resistence near 1.7173 since July 2020.
2nd Window.
In this window we can see this is the D1 Timeframe. And market is following Trendline since April 2022. And from last 11 days market is down but in a channel. We can expect bullish breakout if market respect its Trendline. So we will find a reversal near 1.6871.
3rd Window
3rd window is showing market has broken its trendline and now testing TL. We may find a resistence and reversal near 1.66700.
4th Window
Here we are concluding that what should we do.
Risk Disclosure
TRADING IS NOT SUITABLE FOR EVERYONE. IF YOU DON’T KNOW WTF YOU’RE DOING, TRADING FOREX CAN CAUSE YOU TO COMPLETELY LOSE ALL OF YOUR MONEY.
FOREIGN CURRENCY TRADING IS HIGHLY SPECULATIVE AND RISKY.
IT IS ONLY SUITABLE FOR THOSE PEOPLE WHO UNDERSTAND, AND ARE WILLING TO TAKE ON, THE FINANCIAL AND OTHER RISKS INVOLVED, AND WHO HAVE THE RESOURCES TO WITHSTAND LOSSES THAT MAY BE SIGNIFICANTLY GREATER THAT ANY DEPOSITS YOU HAVE MADE.
Financial instruments that are traded on leverage carry a high level of risk and you could lose more than your deposits.
We will not be liable of any losses. Take trade if you can bear the losses.
EUR/NZD Long Trade After 4H Closure For Confirmation, 200 Pips TThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
EURNZD | RISING WEDGEEURNZD has been trading in rising wedge (bearish pattern). Currently price is approaching to the support of the wedge.
We are expecting a rise from here as multiple confluence point reside there. We have EMA100 and fib 38.2% level and trendline support.
However, break below from fib level will be all over for bulls and trend will be bearish.
EurNzd LongEurNzd has formed the Reversal Wedge, now we are also seeing the break, we have to wait until the day candle manages to close over the area 1.5980,
if the daily candle closes over the area, we can wait for a small return, and we can go buy.
Buy position from: 1.5980 and 1.6000
Stop loss: 1.5860
Target reward 1x2.7 at 1.630
EURNZD Sell a break.EURNZD - Intraday - We look to Sell a break of 1.6664 (stop at 1.6702)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 1.6665 should result in a further move lower.
Short term MACD has turned negative.
Our profit targets will be 1.6564 and 1.6544
Resistance: 1.6730 / 1.6770 / 1.6800
Support: 1.6670 / 1.6640 / 1.6570
EUR/NZD:NEW BULLISH IMPULSE | SWING TRADING | LONG ⚡️Hello Everyone, I hope you'll Appreciate our Price action Analysis !
Our strategy is based on Swing trading with price action Analysis and Advanced Fibos tools.
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