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Eurnzdsetup

EURNZD Sell with 3 confluences listed List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to 1. We will only look of entries on the retest of key level 0.7184*. The trade will be executed either using manual entry or pending order, depending on the location of price after the breakout. The trade could be a RR +- 6 to 1, but we looking to trade about 60 - 65% of the move as there is a much higher chance of out T.P getting reached with a good RR. We do not want to stay in trades too long as anything can happen. If we get stopped out, will look to other currency pairs for setups and only look at EURNZD next month.
Short
by NDOBObanks
3
EurNzd- Could challenge 1.7 soonAfter a month of accumulation and range trading, EurNzd has broken above 1.63 resistance, accelerated gains, and has passed also above the next important resistance around 1.66-1.6650 zone. Now the pair took a break, is resting and we can have a new leg up pretty soon. My next target for this bullish move is 1.7 and, as a buy zone, the old resistance, now support, between 1.66 and 1.6650 is ideal I will remain strongly bullish as long as the price is above 1.65
Long
by Mihai_Iacob
19
EUR/NZD 4HR BUY SET UPHi TRADERS this is my trade set up for the EUR/NZD for this week ahead EUR/NZD POSSIBLE HEAD AND SHOULDERS which didn't work out as we would hope it should, and just continued the upward trend so I will be will be looking for continuation on this pair and be looking for a pullback to the zones marked off on chart and take a buy trade if it meets your criteria for a trade then execute This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Long
by Costy13
eurnzd eurnzd is very near to hit the first tb it is running over ✅✅✅✅ 300 pip since the last update , Take a look at the latest update in the link below , 🧙‍♂️The secret of success in predicting the movement is follow-up, and this is advice for everyone who practices technical analysis. You must know where the market finished forming previous models to succeed in anticipating upcoming models ✅ In short, you will not know what will happen as long as you do not look at what happened in the past
Long
by Elrouby
1
EUR/NZD:FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|SHORT🔔The New Zealand Trade Balance for July was reported at -NZ$402M monthly and at -NZ$1,100M 12-month year-to-date. Forex traders can compare this to the New Zealand Trade Balance for June, reported at NZ$245M monthly and -NZ$280M 12-month year-to-date. Exports for July were reported at NZ$5.75B and Imports at NZ$6.18B. Forex traders can compare this to Exports for June, reported at NZ$5.96B, and Imports, reported at NZ$5.71B. The German IFO Business Climate Index for August is predicted at 100.4. Forex traders can compare this to the German IFO Business Climate Index for July, reported at 100.8. The German IFO Current Assessment Index for August is predicted at 100.8. Forex traders can compare this to the German IFO Current Assessment Index for July, reported at 100.4. The German IFO Expectations Index for August is predicted at 100.0. Forex traders can compare this to the German IFO Expectations Index for July, reported at 101.2. The forecast for the EUR/NZD remains bearish after this currency pair corrected into its descending Ichimoku Kinko Hyo Cloud. Price action may temporarily pause, and volatility can increase, but the longer-term downtrend remains intact. Will bears pressure the EUR/NZD into an extended sell-off into its horizontal support area? Previous Idea in Take profit:
Short
by FOREXN1
2
EURNZD LONG Readyyy!!!Lovely order on Eurnzd R:R 1:7 ❗️ First lets wait for price to close above our support then set this order ❗️ All supports and resistances are determined on the chart ⚠️Take Max 1% of your capital on this trade⚠️ ‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit Clear setup @FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward Lets make trading simple W/ @FxShzd 👇🏻👇🏻👇🏻 Any question comment bellow 👇🏻👇🏻👇🏻 Good-luck everyone
Long
by FxShzd