Eurnzdlong
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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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
[Market Breakdown 1] EURNZD 4HIt seems like we are forming a 'Bullish M' Pattern on the 4H chart.
We have a clear Supply & Demand zone sitting at the zone of interest (61.80 Fib).
We have an ascending trend line to protect our positions.
Of course we always want to stay neutral and anticipate on the situation.
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
A break of 1.7000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7095 and 1.7145
Resistance: 1.6950 / 1.7000 / 1.7050
Support: 1.6900 / 1.6860 / 1.6810
EURNZD Trading Idea - 22/Jan/2021Hello Traders,
Hope you all are doing good!!
The pair is building a very nice & High R:R LONG opportunity.
Target is the IC before the SELL-OFF.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
EUR/NZD buying
ANALYST : AMUN SULED ➖ COMPANY : OCSI CAPITAL MANAGMENT ➖ TRADE NUMBER : 2
Out of 30 companies 19 are down at the moment—— WITCH MEANS US3O IS GOIND FOR THE DEEP AS EUR/NZD RISE
BEFORE THIS PLAY:📌
I completed a top down analysis starting from the Weekly, and down to the H4 time frame. after understanding the current market order flow i then go through a process of finding my confirmations.
ORDER FLOW: bullish
DAY OF THE WEEK:Friday
PROJECTED TP:
PROJECTED SL:
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♟Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors.
The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.