Eurnzdlong
EURNZD BUY Trade Idea. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
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 - Buy setup almost readyEURNZD is aprroaching the bottom of a HTF flat channel structure in impulsive approach. It even breaking the bottom of the channel a bit. After that it rebound impulsively back into the channel. Usually It’s signaling for a fake move and the break is only to catch people on the wrongside of the market.. I’m anticipating for a move back top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure.
Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target back to the top of the structure up to 1.82700
Lets see how will this pair play out.
Good Luck
EURNZD - Updated chart (time to BUY)Our updated chart on EURNZD with key price levels and our stop loss and take profit
Bullish on EUR/NZD as price retest bottom of uptrend channel.Technical Opinion. OANDA:EURNZD
Price retesting lower channel. Approx. 1,000 pips to revisit November highs. The daily bull trend is set up to resume within the next 24 hours.
EURNZD- Approaching the major support at 1.688001.68800 will be a very hard-to-break level for EURNZD, possible reversal point
A HUGE PROBABILITY ON EURNZDTHE PRICE IS GOING ON WITHIN ASSENDING CHANNEL AND WE ARE WAITING FOR THAT THIRD THOUCH CONFIRMATION TO ENTER THE TRADE AT THE END OD THE DOUPLE BOTTOM, LET SEE HOW IT PLAYS OUT.
ITS NOT ADVICE ITS JUST MY IDEA AND HOW I SEE THE MARKET,
EURNZD - Support Hunt Now that is pair has performed a stop loss hunt at the supportive level, I would expect it to want to push up aggressively from here.
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7366 (stop at 1.7319)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
We look for gains to be extended today.
1.7162 continues to hold back the bulls.
A break of 1.7360 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7497 and 1.7577
Resistance: 1.7360 / 1.7400 / 1.7500
Support: 1.7300 / 1.7255 / 1.7200
EUR/NZD Technical Analysis
The counter was in a strong downtrend and it broke long-term support at 1.71435.
Unable to sustain the breakdown, it has recovered with a V-shape rally.
We expect a short-covering rally in the counter.
EurNzd- trend reversal or just correction?Nzd had quite a run in the past 3 weeks, with EurNzd falling almost 1000 pips from 1.8 to 1.7050.
The important psychological 1.7 support is marked also by a piercing candle formation and should be well defended by bulls in the future.
I expect this bull run to continue to at least 1.75 and dips under 1.72 should be bought in search of a good R:R trade
EURNZDon H4 TF we have a clear Demand level
H1 TF we have a break of market Structure (BOS)
We have a 5 & 13 ema Cross.
Risk is 70 pips
TP is Next H4 Supply Level. Reward 400pips +-
We also have a Point of Control on the Buy Limit order.
EURNZD Intraday Setup.EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
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.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
