Get started

Eurnzdsetup

EUR/NZD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown! 📌 If you like the content that I produce for you all, show some love by smashing the like and follow button, also, leave a comment! That keeps me motivated to produce more content! 📌 Why should you follow me on Tradingview? I'm transparent. I provide educational content. High probability setups I explain all my steps in-depth 📥 If you would like me to analyze a pair, or discuss something educational and or trading related, let me know via private message, or drop a comment! I always respond to all the comments! :) Keep in mind that the analysis provided is not 100% accurate and that you can never be certain about the markets. This information given is not financial advice, always do your own research. Thank you for your time, and let's destroy the markets together!
by UnknownUnicorn7363578
EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020... With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020. I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone. I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
Long
by Mihai_Iacob
2
EurNzd has all ingredients for a strong reversalFrom 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon. 1.7 should be very well defended by bulls and my target for EurNzd is 1.75 in the medium term. In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance. In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
Long
by Mihai_Iacob
6
EURNZD, 4hr tf, buy descending channel breakoutHello my friends, My first trade for December is coming to you all. I am going to take a buy positions on EURNZD pairs. As you can see price, recently broken above the descending channel after moving inside it for 2.5 weeks inside it. We could expect price to rotate higher as there is also weekly trendline at this 1.7000 area. This 1.7000 could be an area of confluences support because so many support level right now at this point. Notice also the recent candle looks like a marubozu candle which indicates buyers strength. With this candle appearing on support, i could say buyers are trying to show it is now in control. Buy EURNZD 1.7010 Stop loss 1.6960 Take profit 1.7180 (3.4R) RR ratio 1 : 3.4 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
1
EurNzd at confluence resistanceThe move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7 Yesterday the pair had a short dive under 1.7 but managed to recover above this important support. At this point, we are just at confluence resistance and a break here could signal a much-needed correction. In my opinion, dips around 1.7 should be bought and a long position in this zone could have a 1:3 R:R if we target the last congestion zone at 1.73
Long
by Mihai_Iacob
8
EURNZD It will break the triangle upward +160 PipsWelcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it continues to rise, this is considered a break of the marathon, so this break will be positive and it will move towards the upside to the resistance indicated on the chart. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. *** The information given is not a Financial Advice.
Long
by Saeed966
1