Eurnzdlong
EURNZD Looking to Break Out of Another Key Level
Major structure change is underway on this pair as price is bottoming out.
Current level is very minor, but significant as price is looking to push higher.
The previous breakout failure indicates that selling pressure remains rather weak.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EurNzd- I'm maintaining my long tradeAfter it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range.
I expect this range to be broken to the upside and a new leg up to follow.
My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high)
This bullish outlook is valid as long as the price stays above 1.7050
EUR/NZD LONGwaiting for price to breakout and swing up retesting those 1.7601 Highs to complete this channel ,
our conformations are that 1.7601 area lines up with our main trend 61.8 fib level ,plus trendline resistance , and a major key area. cheers
EURNZD - break out preconditions:
- local uptrend
- global downtrend
- middle-risk trade
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Potential BULLISH Opportunity for EURNZD...Will be looking at H1 chart for EURNZD. As we can see EURNZD, price level managed to retest the support level at 1.7147 price level after price move above this level. As we can see, this level a strong support level for EURNZD. I will b expecting a movement towards the resistance zone as identified in my chart (Red area). There will be a resistance level @1.7350. If price managed to break this level I will see the BULLISH movement moving to 1.7600 (168% fib level) As of now, I will trade this BULLISH movement to the resistance level.
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EurNzd- A higher low could be in placeThe reversal for EurNzd is something that I've been watching and trading and, after 1.7 zone low, a higher low could be in place now in 1.7050 zone.
At the time of writing the pair is trading just in correcting flag's resistance and a break here would expose 1.7350 previous high
1.750 zone could also be a target for swing traders and really is not out of the question after 1.8-1.7 drop
EURNZD uptrend setupprice direction: UPTREND
potential target price: 1.7277
**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.
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GWBFX
EURNZD - Approaching the Support168.95Soon it will be time to buy, we are actually starting with opening buy positions today
EURNZD long term BuyHead and Shoulders formation on EURNZD, Price above the Bottom Bollinger Bands on the Day. Expected to buy long term. Enjoy
EurNzd has all ingredients for a strong reversalFrom 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon.
1.7 should be very well defended by bulls and my target for EurNzd is 1.75 in the medium term.
In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance.
In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
EurNzd- New leg up? (potential 250 pips gain)After finding strong support in 1.7 area, EurNzd had a first leg up of around 250 pips, a correction followed and the pair seem to have stopped In 1.71 zone.
I expect a new leg up from this pair and 1.7350 could be bulls target
Trend Reversing On EURNZD
Beginning to see a structural change on this pair. Daily chart will be posted in follow-up.
Daily pin bar formed, which is a good indication price attempted to trade lower and failed to sustain.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
