EURNZD Daily Short!
Overview:
1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe.
Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones.
EUR has Major news no more than 4hrs from now for potential price volatility.
Sell Entries should be inside Caption prices for target zones 1.67230 | 1.66136 and potentially down to expected Buy-zone 1.64572 | 1.63422
More conservative traders likely to hold Sells through 1.58043 | 1.53842 zone.
Note: Idea is to complement your research.
Check comments section for future updates on idea.
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Eurnzdshort
EURNZD: Try to Short this interesting daily Channel!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
Since the last April, the price has been following an interesting downtrend, shifting few times the value area.
Analysing the last bullish intraday impulse, the market got a good corrective move around the price control (usually expected considering the price control as an area with high trading activity).
In lower timeframe, is possible paying some attention on the last impulse, that compared with the previous one is definitely losing momentum.
However , although the price reached a previous key level formed on September 2021, the price could get some more move up till the higher line of the value area.
When, where and why would I step into the market?
Considering a daily downtrend with the most trading activity on the lower value of the area, I would be looking for a short term position.
The intraday impulse seems exhausted , but before planning my short position, I will be waiting for the price to reach the higher value, clearly looking for a rejection and reversal price action with a RRR of 1:2 or greater.
My SL would be placed above the swing high (in case of good rejection) and the first TP around the price control.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
EURNZD UpdateEURNZD is trading at the top and giving bearish divergence on the indicator levels. We are expecting bears to be active from here and push the price to atleast tendline support first and then break below to new lows.
Alternatively, if it manages to break above, bulls to take price to new highs.
Trade your levels accordingly.
EURNZD 1H TF Price tested the upper trend line in the channel. A Head & Shoulder pattern is formed and I want to see price complete the pattern.
1) The 10 EMA has crossed the 20 EMA on the 15m, 30m, and about to crossover on the 45m and 1H TF.
2) The RSI and MACD (bearish crossover) on the lower timeframes suggest a short-term bearish trend.
EURNZD is bullish on the Daily and Weekly timeframe, so price can continue to the upside ( you can't predict how deep a pullback can be). Hoping to hit this target in the next few hours. Then go long later in the session.
Pls like & follow if you find this helpful.
EURNZD hrly short | Algorithm TradesEURNZD hrly short
Shortstop @ 1.69987
TP #1 @ 1.69526 76.67% wr
TP #2 @ 1.69078 46.67% wr
SL @ swing high 1.70654 16.67% hr
Half risk due to lack of trend on our indicators on mt4.
WR and HR determined from past trades on this pair.
More trades like this on my profile, or on Bifrosttrades.com
EURNZD UP Trend.!#EURNZD Hello trader, I hope are good and safe. Today I opened the chart of #EURNZD for 15 MIN. and analyzed it then I see that this chart has made a DOWN TREND, So I hope #EURNZD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EURNZD#EURNZD Hello trader, I hope are good and safe. Today I opened the chart of #EURNZD for 15 Min and analyzed it then I see that this chart has made a #downtrend, So I hope #EURNZD will go downside,
Now Nice opportunity for short.
If you have any query then leave a COMMENT, LIKE and FOLLOW.
Keep Supporting And Thank You..
EUR/NZD: Intraday Reversal Pattern! Don't miss this opportunity!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Weekly timeframe:
Daily timeframe:
4 hours timeframe:
Overall, the market is trending to the downside, still in a correction move, currently reached a strong major key level that rejected the price many times during the past weeks (see the weekly timeframe)
Focusing on the intraday timeframe, the market performed a bullish impulse and is now consolidating inside a fair value area.
The price is possibly forming a head and shoulder pattern or eventually a triple top (whatever you would like to call it, is usually a reversal pattern), with a possibility of an intraday trend reverse and a continuation to the downside!
When, where and why would I step into the market?
Although there are many ways to approach this market, before planning my short position on this trade, I will be waiting for the price to breakout the support level as a confirmation of this reversal pattern.
Some consolidation below the demand zone would be an interesting clue that the sellers are taking some profit and getting ready to push more the market to the downside, however that would be my entry point!
According with my strategy, the SL would be just above the demand zone and the TP around the next support level.
A breakout to the upside, above the supply zone, would invalidate this trade idea and no action will be taken on this market.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose