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Eurnzdshort

EURNZD short trade ideaPlan : trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
4
EURNZD Sell the downtrend.EURNZD - Intraday - We look to Sell at 1.6734 (stop at 1.6766) Daily signals are bearish. Broken out of the Head and Shoulders formation to the downside. Trend line resistance is located at 1.6740. Previous support, now becomes resistance at 1.6740. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. We look for a temporary move higher. Our profit targets will be 1.6641 and 1.6601 Resistance: 1.6650 / 1.6700 / 1.6740 Support: 1.6620 / 1.6570 / 1.6540
Short
by Signal_Centre1
2
EURNZD: The price BROKE the SECONDARY TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : EUR/NZD ⚪ Technical Analysis : Since the 8th of February 2021, the price has been following its secondary trendline, breaking through its S/R zone at about 1.67700, reaching the secondary bearish trendline after few re-tests on the same level. On the last two bounces we can see the price forming lower highs, that could be an interesting sign of weakness. The price is currently re-testing the S/R zone and the main trendline. 🔴 Conclusion : I'm confident to see the price failing its attempt to break the S/R zone and falling down until the main support at about 1.66500. In the daily chart, the last few days closed with a bearish pin bar could be a confirmation of an upcoming downtrend. I'll be waiting for the breakout of the support zone at 1.67230 before planning my short position on this trade Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
53
EURNZD - DON'T MISS THIS OPPORTUNITYOn the 1hr chart, we can see price has previous rejected at the current 1.68250 level. Creating a resistance zone. I'm expecting price to retrace back to the highlighted Support Zone. You can see from at the end of last week, price broke the ascending trend and has retested. This usually indicates a heavier sell off. When you bring out the Fibonacci, you can see our support zone sits comfortably within the 'Golden Zone'. THEREFORE, THATS WHERE WE'RE HEADING!! Make sure you like, comment and follow for more trade ideas!
Short
by Xpressforex
1
EURNZD EURNZD SHORT Confirmation list 1-After price retraced to 88.60 (my first entry) dropped immediately to 50% fib level then came up again 2-During the small downtrend price created trend liquidity which need to be taken out before dropping all the way down. 3-Round number, 1.6800 has a small imbalance on 15 which need to be filled. 4-Near this number we have the 78.60% fib level also 50% of POI institutional candles on 1hr timeframe 5-Possible fakeout scenario at 1.67994 (liquidity ) 6-Imbalance at 23.60% fib level 1.70000
Short
by Crifx