Eurnzdshort
POTENTIAL SHORT MOVE DOWN SOUTH ON EURNZD Here i will be looking for price to retest the marked level and further move bearish. A retracement of the bearish move and an extension
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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURNZD is facing bearish pressure, potential for further dropPrice is facing bearish pressure from our first resistance, in line with our 161.8% Fibonacci extension and horizontal swing high resistance, where it could potentially drop further to our first support, in line with our 161.8% Fibonacci extension, 78.6% Fibonacci retracement and horizontal swing low support. It is also worth noting that the Stochastic indicator is also showing bearish pressure as it is testing the resistance level at 93.97.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
EUR/NZD: Bearish Symmetrical Triangle (active)UPDATE
Just a few days ago we had a textbook Descending Triangle Pattern.
If using partial Take Profits (TP1 at triangle height, TP2 is trailing stop loss with MA50), the 2nd position would still be running on this pair and adding another short would be questionable (depending on your trading plan, position size, currency exposure acceptance)
Currently we are active in a Bearish Symmentrical Triangle.
TP at triangle height.
SL above last swing high.
EURNZD is testing 1st resistance, potential for further drop! EURNZD is facing bearish pressure from our first resistance, in line with our 38.2% Fibonacci retracement and horizontal pullback resistance. Price could potentially reverse at this level towards our first support, which is in line with our 78.6% Fibonacci extension and horizontal swing low support. It is worth noting that price is trending below a descending trend line, and the Ichimoku cloud is also showing bearish pressure.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Possible short on pullback to retest confluences-Descending respectable TL, another retest expected
-0.618 fib retracement
-Previous support now acting as resistance
-MA50 supporting bearish momentum
EURNZD Sell / 3+ RR, bearish continuationWe took a short on this forex pair (EURNZD) with the idea that price action could continue the bearish momentum as it has over the last few trading sessions.
RSI is up, Price rejected the 38.2% plenty of time. The middle of the DC is around the resistance too which would indicate that the trend "should" remain bearish.
Good luck!
EURNZD is facing bearish pressure, potential for further drop! Price is facing bearish pressure from our first resistance in line with our descending trend line, horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension where a break below our downside confirmation level would see a further drop to our first support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Mark up on EURNZD 34 PipsQuick mark up on a nice setup although somewhat risky. 34 pip Lot size 8.07 Profit $1738.14, 0.18%
EUR/NZD SELL SIGNAL Hey tradomaniacs,
welcome to a new free trading-setup.
EUR/NZD: Daytrade-Preparation
Market-Sell: 1,71625
Stop-Loss: 1,72030
Target 1: 1,71235
Target 2: 1,71000
Target 3: 1,70460
Stop-Loss: 40 pips
Risk: 0,5%
Risk-Reward: 2,86
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURNZD SellGreat Correlation between GBPNZD and EURNZD!! Price is expected to smash down once IT SUCCESSFULLY managed to break the IMPORTANT TRENDLINE and stay in the mini downwards trendline
EURNZD short trade ideaPlan: 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 as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EURNZD - Not ConvincedWhilst the majority are seeing EURNZD buys because of the inverse head and shoulders pattern that has formed, I still see sells. I will be targeting the previous lows as I think liquidity and orders could reside there. Ideally I want to sell and the go long after the stop loss hunting.
