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Eurnzdsell

EURNZD, short again?Hi guys, after getting stopped out on this pair not long ago, i'm back here because my analysis finally became true. Indeed, we saw a reversal of the trend starting at 1,6680. This change of trend is signaled by a sequence of lower lows lower closes that broke the main support at 1,64. At this point, i know my bias is confirmed by price action and i'm willing to take this short if price will give me a comfortable place for getting involved: right now, i'm looking at the yellow box to see whether price will create a small double top or not. If it will, i'm going to pay attention to candlestick patterns to take a short from there, looking for targets as shown above. I'll update you. If you want to share your vew/ideas, feel free to write below. Otherwise, see you in the next chart!
Short
by Roker1
4
EURNZD in the Major previous resistance zone creating a double TUsing Top down analysis I have a Bearish Bias for this pair you can clearly see an overall Double Top Pattern on the higher TF's I am currently short with my SL above 1.62806. TP Targets are set yet awaiting more bearish price action. On h1 there is a smaller Double Top which I made my entry on. Also my pending was triggered @ 1.62248 which gave me a perfect wick entry on Daily with a smaller lot. Use Risk Management and patience! Remember I am still waiting for more pullbacks and Bearish Price Action.
Short
by HeliosFX
EURNZD Showing A 550 Pip MoveEURNZD has been in a downward channel for a while now. Currently its very close to either reverse in a nice wave back up or a smaller correction wave up. Both scenarios can make nice pips and in the best case of a reversal we can see a possible 550 pips. Also the price is touching a nice support zone right now. Please Note however that due to the huge swings in eurnzd this is a high risk trade. Entry: CMP Take Profit: 1.5730 > 1.5980 Stop: 1.5350
Long
by JoshFX1
Short EURNZD Longterm Based on Weekly + 1D Charts for 400+ Pips!Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further. The 1W chart shows momentum to buy is diminishing as the volume is now decreasing and we can expect a further push down next later next week. A very simple and clean setup with entry on pullback and a great Risk:Reward ratio. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
2
Short EURNZD Longterm Based on 1D Chart H&S PatternOur EURNZD Long was based on trend continuation + indicators, however, we played it against a forming H&S pattern, which has now completed on the daily chart. Our Long has not stopped out so I will be keeping my Long open in case of a recovery and continue to monitor the situation. However, if my short does get triggered then I will favour the H&S and may decide to close my Long to avoid further losses. Trade safe guys and best of luck! This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
EUR/NZD Potential Sell SetupAfter a through analysis, I have found out a potential shorting opportunity for EUR/NZD. We should wait for a pullback before we sell. The pattern which is actually looking like a Head & Shoulders (SHS) is actually called a "King's Crown" . A SHS is called a "King's Crown" when the left bottom is taken out by the right bottom. You can start selling @ right shoulder of this pattern while you had to wait for breaking the neckline of the SHS. In this setup, our right shoulder is @ 61.8% Fibonacci Retracement level and I hope the Stoch RSI will also turn "Over Bought" when we'll reach our selling zone. Trade Safe :) Follow Me on: Twitter Like Me on: Facebook
Short
by tanvirankurs
Breakout on EURNZDHi guys, this time i choose to use this layout so that you can better undestand the thought process behind this opportunity. As you can see on the left (daily chart) in the past weeks price has been consolidating between 1,520 and 1,545. However, last thursday, price has broken to the downside with a big bearish candle followed by another candle closing below it. Therefore, now i'm waiting to see some weaknesses so that i can short at this level that is what previously was support and now could turn into resistance. I'll keep you updated. The potential to the downside is very big. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
Breakout trade on EURNZDHi guys, this time i choose to use this layout so that you can better undestand the thought process behind this opportunity. As you can see on the left (daily chart) in the past weeks price has been consolidating between 1,520 and 1,545. However, last thursday, price has broken to the downside with a big bearish candle followed by another candle closing below it. Therefore, now i'm waiting to see some weaknesses so that i can short at this level that is what previously was support and now could turn into resistance. I'll keep you updated. The potential to the downside is very big. If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1
2
EURNZD: Awaiting Confirmation to SellApart from the yen, I don’t trade currency crosses very often. The price action can be choppy, and the spreads can sometimes be problematic if you aren’t careful. However, if used sparingly, a cross like the EURNZD can offer opportunities where the potential reward is well worth the risk. Last week’s move may have given us one such opportunity. Within the first 48 hours of activity last week, the pair traded to a high of 1.5483. The last time the Euro cross hit this mark was during the U.S. elections spike on November 9th of last year. From the intraday charts, it looked as though buyers were determined to push prices even higher. But by the March 28th close, those same buyers had retreated in a way that they carved out a bearish pin bar from the 1.5450 resistance area. The next three sessions were met with enough selling pressure to rechallenge 1.5215 support. In fact, Friday appears to have broken this level, which was instrumental in triggering the March 21st advance. But there is one important question that needs answering before I’ll be ready to call this a confirmed setup. Did last Friday break support at 1.5210? If it did, we should see today’s session close (5 pm EST) below this area. If on the other hand, the pair closes today back above 1.5210, I’ll stand aside to see what comes of the next 24 to 48 hours. One reason I need additional confirmation is that Friday was the last day of March as well as the end of the first quarter of 2017. For the uninitiated, the price action from these sessions can sometimes be unreliable, particularly when it lands on a Friday as volume tends to dry up. As always, I’m in no hurry to trade the pair. But with more than 200 pips to the next key support at 1.50, the EURNZD is certainly one I’ll continue to watch.
Short
by Daily-Price-Action
Two harmonic patterns on the way to complete!Hi guys, here we are on EURNZD and on the 4hr chart we're going through a period of consolidation. As you may know, in this kind of scenarios, harmonic patterns appear very often. On the chart above there's a Gartley and a Bat completing at the same level. If you're a pattern trader you should take this. Stops above X, targets as usual for patterns. If you want to share your viewpoint or ask questions, feel free to comment below. Otherwise, see you in the next chart!
Short
by Roker1