Eurnzdshort
EURNZD, 2hr timeframe, sell on zone retest Hello my friends,
Another interesting setup for today is EURNZD. Price made a double top previously and go down for 110 pips since it broken through the support.
This support now turned into resistance and price currently retesting it.
EURNZD also has broken below the trend line, so I could say the short term trend is now bearish.
Sell EURNZD 1.8055
Stop loss 1.8120
Take profit 1 @1.7950
Take profit 2 @1.7880
RR ratio is 1 : 2.5
Risk only 1-2% of your equity
Move stop loss to entry once it hit TP1
Good Luck
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.
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.
