Hi fellow traders, EURNZD looks ready to make a move lower after completing the WXY correction in a flag formation. Target the 1,7143 level and move your stoploss to break even as soon as we reach the grey 'risk free zone'. Good luck and trade safe!
H1 - Bearish trend pattern. Currently it looks like a pullback is happening. No opposite signs. Until the two strong resistance zones hold my short term view remains bearish here.
EURNZD: Price has tested resistance twice. One more test, and I expect a push to the downside. It could test the 100 EMA. RSI: EMA did not break out from the RSI and could push to the dpwnside. MACD: Possible crossover to the downside.
HELLO EVERYONE HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND. HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE EURO/ NZD IN THE COMING WEEK. EUR/NZD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE UPSIDE SIGNALLING. * We have break of structure to the upside. * Weekly OB to be mitigated. * Looking for some correction towards the...
A bearish opportunity recently presented itself on the euro-kiwi trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.66000 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 1.58860 could give you a reward-to-risk ratio as high...
EURNZD Has a Big Bullish Movement due to Data effect of ECB INTERERST RATES. I think Now EURO wana Breathe and Will Drop to its Recent Support!
My indicators are suggesting we could be in the process of a BIG move south on this pair - potentially over 1200 pips. We already moved down 2000 pips from the last high back in the middle of May and I believe we could go lower. Maybe big swings though so I've taken a smaller position to accommodate a larger stop. In at 1.8052 STOP at 1.8317 and TAKE PROFIT at 1.7314
Perfect short setup for EURNZD. We can enter short right now or wait for 1.784 to be touched Entry 1.784 SL 1.8003 TP 1.719
Good short setup for #EURNZD 1.7376 is a good level to enter after the confirmation of the wave. It's a previous impulse (nov 12) and 1.61 of Fibo Entry point 1.7376 TP 1.72 SL 1.745