Get started

Eurnzdsetup

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
EurNzd- buy at 1.77 zone?Two days ago, EurNzd put a nice Pin Bar in 1.76 zone visible on the daily chart and, with yesterday's bullish daily candle this completes a morning star candle formation. On h4 chart we can clearly see that the descending trend line is broken and now the pair is consolidating with a slight tent of correction (a flag more or less) 1.77 could be a good place for longs and only a drop under support would change this bullish outlook. 1.8 could be the target for bulls which gives them a R:R of more than 1:2
Long
by Mihai_Iacob
EURNZD Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move. W > In its upward move price is unable to break resistance level. D > We can see an M formation and price should rise up to test the neck. While rising up price is facing rejection at supply zone and unable to break it through. Price is now testing support level and we expect a bounce up. As per COT EUR saw closure of more Long than Short, reducing net positions; EUR was very weak for the said week. EXY was positive last week though it reached resistance level and dropped. NZD saw addition of few Long and more Short reducing net positions, confirming weakness of NZD for the said week. ZXY improved its position last week. 4H > Price is now testing support/ demand zone. We should wait for price action at this zone for entry, a Long in case of rejection and Short if it breaks the level. We however have a bullish bias till neck of M formation. Pair Correlation > EURNZD has positive correlation with GBPNZD and EURAUD and negative correlation with NZDCHF and NZDCAD. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
1