EURNZD - DeathDepending on the 4-hour closure, I may look to get involved in short term sells before NFP decides to shake up the place.
Eurnzdshort
EUR/NZD in a Bear flag.EUR/NZD is in a Bear flag with bias to break to the downside.
I am looking to sell either the top of this resistance area which is around 1.7816 or sell the break of the uptrend flag line, currently around 1.7784.
Take profit will be in the middle of the support area, around 1.77380, so roughly 40 to 44 pips profit.
Good luck with this trade!
Tibor
Will short this EURNZDObvious bearish trend here. A strong level of resistance @ 50% Fibo and trend-line. We can short this pair now with a target anywhere in the support area. There is also a chance price will break through and head for a next support level so good to open 2 trade and see how this trade goes.
Let's keep the technical simple and easy for all to understand.
Like and Follow guys!
EURNZD SHORT!Pair name - EURNZD
Action - SELL/SHORT
ENTRY - 1.7760
TP - 1.7670
SL - 1.7820
TRADE STATUS - OPEN
EURNZD - Move ReadyOnce we see a break of this small level acting as support I believe this trade will flourish to the downside. The Alkaline team entered slightly early yesterday but we are still in the game with great utilization of ATR stop loss placement.
Wishing everyone a great trading day!
COT Data - 51% Short
EURNZD | Short on Pullback-Ascending TL breakout, retest approaching
-0.5 fib retracement
-previous support now acting as resistance
-MA50 early indication of momentum shift
-Overall strong zone of confluence
EURNZD - SL Hunt Complete?If we manage to see a break of the small ascending trend line, I will class the small break to the upside from the resistance level as an SL hunt to gather liquidity before a potential strong bearish move to the downside. If we see the break, I will be waiting for a re-test of the trend line or structure followed by rejections before placing my sell position.
Only time will tell!
COT Data - 52% Short
Another decline for Eur/NzdHello Traders
Another possible decline is coming for this pair. I've identified a Harmonic pattern (don't know which one ) but also as an Elliott wave analysis this can be wave B an EXPANDED FLAT wave A and B minor degree are completed and wave C minor degree is an ending diagonal or wedge pattern and it should end between 1.78 and 1.80
EUR/NZD SHORT IDEA Hey tradomaniacs,
welcome to new free trade-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Market-Sell: 1,76390
Stop-Loss: 1,76935
Target 1: 1,75870
Target 2: 1,75350
Target 3: 1,74990
Target for One-Target-Trader: 1,75350
Stop-Loss: 54,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,60
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Pullback Short Setup-Respectable descending TL, retest expected
-0.5 fib retracement
-Previous support area now acting as resistance
-MA50 supporting the bearish momentum very well, expecting price to continue its trend downwards!
EURNZD falling below 1.77000 what is the next level?EURNZD
📍 European central bank hinted that they will accommodate all kind of policy measures to help the economy. And the recent gain of euro will hurt the economic developments as Fed and ECB are eagerly waiting to depreciate their currency against one another.
📍 Positive risk on sentiment will help the New Zealand dollar and the lockdown measures in Auckland was the recent hindrance for the New Zealand dollar. There is no major economic events in this week apart from daily auction prices
📍 Positive vaccine news will boost the New Zealand dollar. In smaller timeframe the price is trading below the 50% Fibonacci and the major price action level
📍 RSI is below 50 level and turned towards south. Expected weekly trading range will be from 1.78000 to 1.73000
📍 After reaching the 1.82000 level which is August high price felled towards 1.74000 which is major psychological level too
📍 Price action level is currently acting as the support for EURNZD. And the golden cross was happened in 50,100,200 EMA
📍 1.77000 is next major psychological level acting as support for the bearish trend.
📍 We can open suitable selling positions from current level. And the potential take profit will be around 1.74000. Coinciding with 78.6% LTF Fibonacci level. Stop lose may place above 1.79750 is a low volume area
📍 Major trend line was broken on 25-Aug on Lower timeframe trend line was also broken
📍 Ichimoku cloud is also acting as a support for the selling of this pair
Short on Trendline Retest | Pullback Setup-Broken ascending TL, retest expected
-0.618 fib retracement
-Minor S&R area
-Descending TL
-MA50 momentum shift
EURNZD Bear FlagAfter price broke out impulsively at the ascending channel pattern, it formed a bear flag pattern which is looking to test the 61.8% Fibonacci Level. Expecting a completion of the wave E before completely reversing to the downside.
Elliot Wave Analysis: EURNZD Setup UpdateEURNZD 4 hourly chart above shows a sharp decline that can be seen as a five-wave impulse pattern, labeled i-ii-iii-iv-v.
According to the theory, impulses show the direction of the larger trend.
In other words, once the current corrective recovery that's unfolding as a "w-x-y" double zigzag ended, traders should expect more weakness to follow.
- The breach of the green line will confirm the correction is completed.
- Targets below wave (a) low is plausible the week ahead
What's your thought on EURNZD? Let me know in the comment.
