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Eurnzdlongsignal

EURNZD the standout in Long-Currency's in Asia trade Wedesday Hi everyone, I got into this trade not long ago to the long-side, but as it has plenty of potential I thought I would share. On the 4HR timeframe, there is currently a bullish heads 'n' shoulders pattern adding some buying fuel. There was a recent pullback so a good time to enter if you are after a Long trade. On the chart, the indicator at the bottom is on-balance-volume which has had a good uptick today so far. This trade is also trend-friendly, this is a Daily chart and you will see the thicker white line which is the 200EMA, the thinner dark-blue is 50EMA and Crimson colour is 100EMA. The very thick white arrowed line is the heads n shoulders neckline where price has broken out this morning.
Long
by Easy_Explosive_Trading
EUR/NZD Long call (Analysis, Biased and Trade Plan)EURNZD Chart Analysis: 1. Dow theory- HH-HL 2. Bullish engulfer 2hrs ago 3. False breakout at Fib Retracement level 0.23 4. weekly support line at 1.644, close to fib 0.38 level 5. AB=CD pattern BIASED LONG Watch out level (breakout at 1.6442 support level) OR Fib 0.38 Plan A Take entry right now at 1.6523 SL at 1.6438 or at fib level, right below the support line Plan B Wait for further confirmation of the false breakout at fib 0.23 level, Take entry at 1.6566 TP1 at point B=1.6625 TP2 at point D SL, in this case, should be right below at point C or at the support level Please like, share, and comment if you agree. Disagree, any suggestions? Welcome 24/7
Long
by Zeb_0555
EURNZD LongList of confluences: 1:Stop loss hunt at previous low on weekly chart 2: Double Bottom formation on daily chart around previous low on weekly chart 3: Daily chart and H4 trendline breakout Summary: Price is currently over extended and has been moving in a down trend for 3 weeks straight. We are looking for a potential pullback to just above the 50% (1.69187 - 1.68428) of the previous down trend. There's is a potential for strong mean revision to take place allowing big players to hunt some stops and grab some liquidity before we see a continuation to the downside. You could add a 6Ema and 30 SMA on the H4 time frame for more confluence. This trade is expected run for the next 8-9 trading days or until the target is reached, whichever comes first. Always remember to Buy to the low and Sell the high in the direction of the trend
Long
by NDOBObanks
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