Double Top EUR/NZDExample of a double top occurred on the EUR/NZD. This type of pattern appears in the market repeatedly. It is easy to find and simple to use.
Eurnzdshort
eur/nzd wave countHello traders,
EUR/NZD is on wave 5 which is follow by an ABC decline (correction). my interpretation is bearish if price stays below 1.8272 which is a very important resistance level. i also see bearish divergence on RSI, MACD and Stochastic
EURNZD Confirms Uptrend, but Correction is LikelyThe EURNZD 4 hourly chart above visualizes the advance between July and August 2. More importantly, it reveals that the rally is a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v).
According to the Elliott Wave principle, this means two things: first, that EURNZD is in an uptrend; and two, that a three-wave correction can be expected before that uptrend resumes.
However, if the count above is correct, it makes sense to expect a decline to wave (iv) low in the mid-term. Long positions in this area would not provide a much better risk/reward ratio than currently available.
- Invalidation level is the red line on the chart
- Entry is the green line which has not been triggered.
What is your view on EURNZD?
Thanks for reading!
Veejahbee.
Bearish pattern confirmed EUR/NZD Bearish pattern confirmed
SellStop@: 1.80578,
StopLoss: 1.82308,
TakeProfit_1: 1.78029,
TakeProfit_2: 1.75670,
TakeProfit_3: 1.74005
EURNZD approaching 1.8231 resistance level!EURNZD still on bullish trend and it can be seen on the higher peak and higher trough formation that inline with trendline support as well. we have 1.8231 resistance level as an upside price rejection target to go short.
**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
Look for Short entry on EURNZDWait for an rejection or wick in this area then wait for that rejection to close, then take the trade or place a SELL limit.
EUR/NZD bounced of the key resistance line💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
EUR/NZD has been very bullish recently. However, for past days price has reacted to resistance line and now is starting to change trends and going down.
Let us know what you think about this idea.
Trade safe !
EUR/NZD LIQUIDITY AND INSTITUTIONAL ANALYSISI posted this set up last week...well done to anyone that capitalized on the buy to the upside.
we now wait for the sell. i have two entries for this setup.
EURNZD ShortPrice broke a long holding support level and is showing signs of indecision and isn't just pushing up from the level like before. Going to target the next support level with a 1-3RR.
Good Trading Opportunity for EURNZD!!! BEARISH outlook for now!!Currently, price level made a nice rejection off 1.7935 resistance level and now we could potentially see a rejection off 23.6 fib level. To determine if a BULLISH long term retracement is possible, I will be looking out for the breakout from this strong resistance level @1.7935. If so, we could see it heading towards 61.8 fib level. However, I am leaning towards a BEARISH movement for now, I will be seeing price movement going bearish minimally to 1.7600 support level. A rejection off that level will signal a good bullish opportunity but as mentioned a breakout from the strong resistance level will be a better indicator for a BULLISH climb. As of now, I will look to trade the BEARISH movement.
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Just Went Short On EURNZDPrice is failing to continue bullish with multiple wick rejections and just formed an inverted hammer on the 1 hr so I am looking for it to drop to the previous support. 1-3RR and will move SL to break even once its 20 pips in profit .
eurnzd long term set uphere my expectation on EURNZD long term view, pls plan your trade than only trade ur plan, use risk management trade management and money management,
if you think same pls give a like for the chart and follow us for more like this, WE ALSO DOING LIVE OUTLOOK HERE ON TRADING VIEW CHECK ALWAYS MY NEXT STREAM BY GOIN TO MY PROFILE AND THAN GO TO STREAM, and from there you can watch recent and see the upcoming ones...
EURNZD SHORT**ENG**
- Price rejecting nicely our reversal area, if price closes shooting star at the 2H, it would be a nice indicator of a drop in price.
**PT**
- Preço a rejeitar muito bem a nossa zona de reversal, se o preço fechar em shooting star no timeframe de 2H, será uma bom indicador de um possível movimento de queda no preço.
EURNZD short trade ideaPlan: 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_ Targeted Area for ShortCarefully watching price action as soon as we see a sharp sell, our short is confirmed and SL is managed well , Good luck
