DeGRAM | EURNZD confluence at resistance levelEURNZD is near the resistance at 1.79500, where price dropped before.
It is trading in the consolidationg zone following sell off on the 4 hourly chart.
There's a nice confluence zone to short at the resistance level, 78.6% fibo level and bearish harmonic pattern.
We expect a bearish move from the confluence zone.
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Eurnzdsignal
EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈.
This is indicated by the #bullish harami candlestick 🕯️ pattern just above the 1.78600 horizontal support level.
This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy).
Sufficient upward momentum should see price rallying towards the 1.81000 psychological level and possibly testing the strength of the 1.81162 horizontal resistance level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
EURNZD - Potential Reversal Zone Identified - Bullish BiasThe EURNZD pair is currently forming a Harmonic Pattern, specifically an XABCD pattern. This pattern indicates potential reversals in the market. At the completion of the pattern, we identify Point D, which is considered a Potential Reversal Zone (PRZ).
Confluence with Key Support Area:
Point D aligns with a Key Support area, further reinforcing our bias toward a potential trend reversal. This confluence strengthens our confidence in the upcoming price action.
Anticipated Trend Reversal to Bullish:
Given the formation of the Harmonic Pattern and alignment with the Key Support area, we anticipate a bullish trend reversal from Point D.
Entry, Stop Loss, and Take Profit Levels:
Entry: 1.79370
Stop Loss: 1.78420
Take Profit Targets:
TP-1: 1.80375
TP-2: 1.81290
TP-3: 1.82250
Conclusion:
With the formation of the Harmonic Pattern and the alignment of Point D with a Key Support area, we anticipate a bullish trend reversal in the EURNZD pair. Our entry point, stop loss, and take profit levels have been carefully calculated to maximize potential gains while managing risk. Traders should monitor price action closely for confirmation of the anticipated reversal.
EURNZD I Potential correction to 1.8000 resistance zone Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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DeGRAM | EURNZD early pullbackEURNZD is moving between the trend lines within the descending channel.
The pair has been growing for a long time without pullbacks.
We expect a pullback soon.
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EURNZD Technical Analysis and Trade IdeaThe EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective buying opportunity.
It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
#EURNZD: First Major Drop and then Swing Buy?FX:EURNZD we have published numbers of chart analysis on eurnzd so far, and most of the time, the analysis has gone out in our favour. In our last chart analysis, we were hoping that price will fill the liquidity gap and then reject at the key level that we had identified, however, price mitigated early. We still think price will come to our key level and then bounce from there. We would recommend to wait for trend to become much clear.
Trade Safe and Good Luck.
If you like our work then please like and comment.
DeGRAM | EURNZD short opportunityEURNZD is in the consolidation zone following the drop from the resistance. It is creating the AB=CD pattern.
Price is testing the resistance level and the 50% retracement level. The market is coiling up before the new expansion.
We anticipate a breakout of the consolidation zone and a trend continuation, completing the AB=CD pattern.
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#EURNZD:First Two Entries Hit Targets What you think about this?FX:EURNZD first two entries hit our targets successfully, now we are focusing on the third entry, price rejected at the key level, where we think most of the major selling orders were placed. Currently, in our price had left behind big 'liquidity void area' due to that reason. In our view, price is likely to fill those area and then bounce back from our 'third entry'. We are targeting same 300-400 pips this time around too. Which will helps us gathering over 1200 pips from three ideas.
Let me know what do you think about EURNZD? Please share your views too.
EURNZD I Impulse correction phase short opportunityWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURNZD I Technical and fundamental outlook Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
DeGRAM | EURNZD bullish opportunityEURNZD reached the kill zone: support and fibo extension level, which is psychological level 1.75000.
Price pulled back to the support zone with deceleration, and it created a double bottom with divergence.
We expect a retracement and re-test of the resistance level.
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EURNZD Technical Analysis & Trade IdeaThe #EURNZD pair displays a clear bearish bias on the higher timeframe, with a recent decisive break of market structure highlighting a downward shift in price action. This breakdown, marked by lower highs and lower lows, suggests a potential continuation of this bearish momentum. Traders may find an attractive opportunity near the 61.8% Fibonacci retracement level, where a short entry could be considered. If price action revisits this level, it's suggested to place a stop-loss order above the recent swing high. Target previous lows for potential profit-taking.
It's crucial to remember that market analysis and trading carry inherent risks. Before entering any trades, always conduct your own comprehensive research, factoring in fundamental drivers and global economic events alongside your technical assessment. Employ prudent risk management strategies to protect your capital.
Disclaimer: The information provided here offers a technical perspective on the EURNZD pair. It does not constitute investment advice. Trading decisions should be based on your individual risk tolerance, thorough market analysis, and careful consideration of all relevant factors.
EurNzd- 1000 pips drop higes on 1.75 (Long term view)After reaching a high around the 1.85 zone, FX:EURNZD initiated a correction that eventually settled near the 1.75 zone.
Throughout the end of October and all of November last year, the pair formed a lower high around the 1.82 zone. Subsequently, following the formation of a double top pattern, the pair breached below the neckline and the rising long-term trend line, ultimately revisiting the 1.75 zone.
In December, there was a retest of the broken trend line, and after another examination of the 1.75 level, the pair experienced a rise.
However, this time, it encountered significant resistance at the crucial confluence level of 1.79 before retracing back to 1.75 once more. Taken together, these movements suggest mounting selling pressure and long-term distribution in the market.
Considering these cumulative factors, it's plausible to infer that the pair may be poised for a substantial decline.
A drop of 1000 pips doesn't seem out of the realm of possibility, given the current setup and historical patterns. The confluence of technical indicators and price behavior underscores the potential for a significant downturn in the pair's value.
Thus, traders may find it prudent to closely monitor these developments for potential trading opportunities aligned with the anticipated downward movement.
EURNZD Technical Analysis and Trade IdeaThe EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our optimal entry zone.
Trade Idea
Direction: Short
Entry: Upon bearish candlestick confirmation near the 50% Fibonacci level.
Target: 1.74840
Stop Loss: Place the stop loss above the recent swing high to manage risk.
Important Disclaimer
The provided analysis serves as a technical perspective and should not be misconstrued as direct investment advice. Please conduct comprehensive independent research and employ robust risk management strategies before committing to any trades.
DeGRAM | EURNZD in consolidationEURNZD broke and closed below the psychological level at 1.77000.
At the resistance level, there is a kill zone to short the market.
Overall price action in the consolidation is grinding near the trendline.
We expect a bearish move, taking the trendline liquidity.
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EURNZD : Long Trade , 1hHello traders, we want to check the EURNZD chart. The general trend of the market is bearish and the price has reached a certain key level that it has reacted to several times in the past. We expect this level to play the role of a support level and the price will grow to around 1.75900. Good luck.
DeGRAM | EURNZD trend continuationEURNZD is currently pulling back from the resistance level to the support level at 1.77000.
After testing the ascending channel border, the price fell by completing the D point of the AB=CD pattern.
We expect a trend continuation trade from the kill zone: support level, and 50% fibo level.
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EURNZD: 2 HR Big bullish move expected! EURNZD in Wyckoff Method, we can confirm that price is in verge of big bullish move of 400 pips at least. If you look through the chart carefully, we have given reason for each move that EURNZD made in last few weeks. This idea has highest possibility of the trade. Though we need to take sell side liquidity into the consideration if price decide to push down to take out the liquidity and fill the void area, we should not be shocked if it does. So please keep that into the consideration while taking buy entry on this pair.
Euro can be extremely bullish in coming days, and this will likely to have effect on most of the euro pairs, same goes to EURUSD.
Please do like and comment if you agree with the idea. It will gives us encouragement. ❤️
DeGRAM | EURNZD potential drop after pullback EURNZD made a pullback, and it's going down with a major trend.
It is trading in the descending channel, making lower lows lower closes.
There's a kill zone to short at the resistance level, 38.2% fibo level.
We expect a bearish and complete completion of the potential AB=CD pattern.
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#EURNZD: some bullish movement before a dropDear Traders,
EURNZD recently broke out of ascending channel and also took out the sell side liquidity. Possible bullish price momentum expected to fill the market gap that it left behind. Use smaller time frame for entry and enter with proper risk management. Remember patience pays and this is our bias, yours can be different.
Good luck and thanks as always for showing support!