Eurnzdlong
EURNZD: Is the DOUBLE BOTTOM starting a NEW TREND? 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 chart, since March 2019, the price has been following an interesting uptrend, bouncing on it in January 2020 and November 2020.
Few weeks ago the price broke the main trendline and it will probably pullback on that during the next weeks.
In the daily chart, since the beginning of June 2020, the price has been following a new downtrend, getting few rejections on its secondary trendline. On the 5th of January the price broke the dynamic support and it's now approaching to retest it.
In the H4 time frame, we can properly see how the price broke its previous descending channel, getting an interesting rejection on the support level at 1.68228, creating a possible double bottom pattern.
The price actually reached its next S/R zone at about 1.70000 and the next price action around this zone will be essential to understand the next market movement.
🔴 Conclusion : ✔️
I believe this is an interesting situation and we could absolutely catch a trade position whenever we will confirm the validity of the double bottom pattern.
I'm confident to see the price reaching and retesting the main weekly trendline and I'll be waiting a proper breakout of the level 1.70000 before planning any long position.
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
EUR/NZD a Potential Move Upward to the 1.7074 Mark 🚀🚀🚀💡 Trade Idea
📈 Buy Limit EUR/NZD @ 1.6952
🎯 Target Profit 1.7074
🛑 Stop Loss 1.6912
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price managed to break out of the bearish channel and posted a “double bottom” around the daily support which indicates a potential reversal. The price now is trading around the neckline, so we expect a lower correction and then most probably a move upwards to the 1.7074 level.
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Further Upside Expected as EURNZD Expects to Breach 1.698 LevelKey details outlined in Signposts. Despite price breached lower, this didn't sustain and crossed back above our support. 1.698 was tested earlier on the 18th and the selloff reaction was 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 1.7170 for buy target professionals increased long eur 13k by last week. two bar reversal setup formed on daily time frame.
EURNZD LONGI will be keeping an eye out for a retest at 1.69750 to go long on EURNZD and ride it up to 1.7100
EURNZD longEURNZD My previous analysis failed. I have a charitable vision of this, however. The force index field 50 indicates that the bull pattern is very strong. Undoubtedly there is a 70% probability of succeeding in following the setup
EURNZD - ReversalsThis pair needs to attempt to make a reversal just below the previous low at the daily ATR level. I have illustrated what I think will happen.
EURNZD Long Trade IdeaHey traders, here is the analysis for the EURNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
EUR/NZD - LONG3 touch descending channel, trading the first bull flag pattern. Set my order on the breakout. First target is the beginning of the descending pattern.
EURNZD: LONG Idea breaking the Main DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the end of December, the price started following a clear descending channel, bouncing many times on the dynamic channel S/R level.
Few days ago, on the 8th of January, the price reached an important dynamic support that we can definitely see in the daily chart perspective, the market in fact is moving inside a huge falling wedge pattern and the support rejected and inverted the price again.
The price then broke the descending channel and now it seems is starting a new uptrend.
CONCLUSION:
In the daily perspective, the falling wedge pattern is perfectly working, the price is bouncing inside as expected.
The momentum is slowly increasing and the RSI in the daily perspective is clearly showing us a nice convergence, just around this important level.
I believe the price will definitely move up and my next target is the level 1.70500
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6983 (stop at 1.6949)
Dips continue to attract buyers.
The bias is to break to the upside.
A break of 1.6980 is needed to confirm follow through bullish momentum.
Pivot support is at 1.6863.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Price action looks to be forming a bottom.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.6950 / 1.6980 / 1.7000
Support: 1.6900 / 1.6850 / 1.6800
Bullish Butterfly PatternAUDCHF BULLISH BUTTERFLY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.68750)
Take-Profit 1: (1.70360)
Take-Profit 2: (1.71545)
Stop-Loss: (1.68005)
Max Risk-Reward: (3.75)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EUR/NZD going long once price retest 1.68634EUR/NZD price going LONG once price retest the support zone at 1.68634 and brea through the trend line .
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6982 (stop at 1.6949)
Dips continue to attract buyers.
A higher correction is expected.
A break of 1.6980 is needed to confirm follow through bullish momentum. Pivot support is at 1.6947.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Our profit targets will be 1.7079 and 1.7154
Resistance: 1.6940 / 1.6980 / 1.7000
Support: 1.6900 / 1.6850 / 1.6800
EURNZD buy swing trade ideaEURNZD go all the way bearish and break the structure on the daily time frame as well. Now price has to retest that level and provide some bullish movement from here.
So buy would be a good option but it would be a risky one.
This is not financial advice. It is just an idea and market can go in the opposite way as well.
EurNzd over 90 pips LONG easyTake this trade and manage well. proper risk management is key. good luck! Like and follow for more
EURNZD Buy the bottom.EURNZD - Intraday - We look to Buy at 1.6988 (stop at 1.6955)
Dips continue to attract buyers.
We look to buy dips.
Dip buying offers good risk/reward.
Pivot support is at 1.6947.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.7050 / 1.7100 / 1.7160
Support: 1.7000 / 1.6950 / 1.6900
