Eurnzdsetup
EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone.
Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
EURNZD is Struggling for More UpsideHi there,
EURNZD is at the end of wave tw and struggling for more upside dont miss this fall.
How you can trade on this chart.
1. Watch top and look for sell before price fall and add more on Corrections.
Or
2. Wait for the price to fall and look for sell on Correction.
EURNZD Enters the Final Stage of Consolidation Before Falling1. Quite interesting currency movements because it will fall on the W1 time-frame and at the time-frame has formed a volume divergence
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2. EURNZD will again test the Fibonacci retracement level before going up, so pay close attention to price movements
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3. The pair will enter consolidation at least to the level of 0.618 or maybe lower to the level of 0.5 or 0.3 Fibonacci retracement
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4. Stop out price level which is at the level of 1.6530
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5. The target price is at the price level of 1.6800
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Conclusion : Signal Strength >>> $$$$$
Recommendation : Buy Limit >>>>> Very Strong
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----- This writing is purely for education and does not imply buying or selling ----
EURNZD Third Wave Will Occur SoonEURNZD has completed the first wave and has made a retracement to 0.68, after this the third wave will occur and will go as shown in the following arrow.
note that stop loss at level 0.00 or -0.23 fibonaci retracment, be wiser in trading and use good money mangement.
EUR/NZD - 300 Pips ShortA potential big drop is currently imminent on EUR/NZD.
*Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid.
Once broken and the resistence found underneath it, it can go anywere near 1.74
Trade safe.
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.
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