Eurnzdsignal
EUR/NZD long ideaHi traders,
For today I analysed EURNZD pair. Currently they bounced from multiyears low and I think that is going to test 1.6300 area by the end of week.
Daily RSI is on 37 lvl, and weekly RSI is on 34 lvl.
Also today we have labour reports from NZD (expected lower that previous).
Feel free to comment your opinion !
EURNZD top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
If you want you can of course extend the stop-loss a bit as we get important news today!
EUR/NZD: Daytrade-Execution
Market-Buy: 1.66200
Stop-Loss: 1.65510
Point of Risk-Reduction: 1.67030
Take-Profit: 1.69500
Stop-Loss: 65 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EURNZD Bulls Are Overstaying Their WelcomeEURNZD has been in a corrective since February and seems to be topping out now.
The correction unfolded as a double zigzag pattern and the third zigzag is visible on this H4 chart above.
Wave c of (z) of 4 also unfolded as an ending diagonal which is a reversal pattern.
If this count is correct, any further rally must stay below the invalidation level on the chart and the price should head lower in a five-wave sequence.
Higher degree chart:
s3.tradingview.com
What's your view on EURNZD? Let me know in the comment.