Eurnzdlong
EURNZD - Landing and Taking OffCurrent downtrend 'plane' carrying all the smiling traders that went short in these past few weeks, targeting to land around 1.65500 price range. I've bought the ticket to catch this plane and expecting it to soar and stay above the cloud around 1.72200 price range, hoping that it won't crash downward midway. I'm risking 2:5 for this journey.
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EURNZD: an upcoming BULLISH impulseHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/NZD
⚪ Technical Analysis :
Since January 2021, the price has been moving in an interesting side trend, bouncing up and down between the resistance area at about 1.69500 and the support area at about 1.68500, many rejections are a clear confirmation of the strength of these zones.
The 27th of January the price temporary broke through the support zone, quickly moving back over the support zone, failing its next attempt to create a lower low.
It is currently re-testing the support level and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not really strong anymore to push the price down under the level 1.68100 and the last few pinbar candles could be the first sign of an upcoming new impulse.
I'm confident to see the price moving up until its next resistance zone at 1.69700 but I'll be waiting the next few h4 sessions before entry long on this trade.
The level 1.68800 could be a potential entry point.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURNZDEqual lows created on 14 Jan and 21 Jan on the 4hr time frame respectively has been taken out on 27 Jan. Price quickly moved away from its bearishness creating an order block in the 4hr time frame and also taking out the previous swing highs on the 22 Jan. As we can see on the chart, after price took out the previous swing high, it came back to retest our 4hr OB and our 1hr Support.
EURNZD-- Looking for buy SignalDisclaimer:
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. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
EURNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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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Thank you for your support ;)
GWBFX
EURNZD: Is time to GROW again? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/NZD
⚪ Technical Analysis :
In the weekly time frame, since March 2019, the price has been following an uptrend, bouncing many times on its dynamic trendline.
Few weeks ago it broke through its main level and it's currently re-testing a secondary trendline.
In the daily time frame, since March 2020, the price has been following a strong downtrend and it is currently bouncing on its dynamic trendline.
In the h4 time frame, we can see the price moving between two S/R zone, it is currently retesting the secondary trendline and a strong support zone at about 1.68350. The next price action will be essential to understand the next market movement.
🔴 Conclusion :
This is a period with high volatility, and the price is quickly moving up and down between its two S/R zones.
I'm confident to see the price growing until the resistance zone at about 1.69600 but I'll be waiting for a proper candlestick rejection before to get any long position on this trade!
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni