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Eurnzdsignal

EURNZD ____ TRADE IDEA FOR DAY TRADERS & SEMI-SWING TRADERSHello Traders, EURNZD rallied almost throughout this week and at some point it is expected to retrace. If you go on your monthly chart and use your Fibonacci to calculate the extension, you would notice that price just traded to the first expected price target and it make sense that the price should start the retracement from there. On the 1-hour chart, you would notice that a CHOCH has formed which could lead to a retracement in price. Follow for more updates like this. Cheers, Jabari
Short
by jabariofafrica
3
EURNZD ____ INCOMING BULLISH MOVEHello Guys, Let's break down EURNZD together... On the monthly timeframe, we can see that the bullish rally is meant to continue as the retracement seems completed. On the weekly timeframe, you will notice that price formed relatively equal highs (buy-side liquidity) which as you will know attracts price to sweep it. You will also notice that last week's candle depicts the continuation of the impulse leg. On the daily chart, we have a W pattern that is currently trading at a supply level (this could give cause to the retracement). You will also notice the order block of the daily chart is the same as the weekly chart. What next you may ask... I will be looking to capitalise on a short-term sell if I get an opportunity with my target to be the order block below... and I will monitor price once it enters the order block to go long. I have 2 targets for my bullish trade... the first one (yellow line) was gotten on the weekly timeframe while the second one (red line) was gotten on the monthly timeframe. Do you like the way I did this analysis?... should I continue in this form? let me know in the comment section. See below for EURCAD analysis. Follow for more updates like this so you don't miss out. EURCAD ANALYSIS Cheers, Jabari
Long
by jabariofafrica
DeGRAM | EURNZD in consolidationEURNZD  broke and closed below the 1.78000 support level, which became a resistance. At the resistance level, there is a nice confluence zone to short the market. Overall price action in the consolidation; however, the market dropped from this level twice before. Look left. If the price creates a rejection candle, we expect a retest of the support level, potentially completing the AB=CD pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
4
20 REASONS FOR Sell EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is extremely bearish, with all yearly imbalance areas filled. There is a strong downward momentum, and a long wick candle on the yearly timeframe suggests further downside potential. Overall, the bearish sentiment prevails. 2:📆Monthly: The monthly timeframe shows a significant entry opportunity that has the potential to recover previous losses. After tapping the monthly order block, an impulsive bearish move started, and the target for this long-term trade is set at 1.5788. Selling and holding the position is advised due to a big momentum candle engulfing previous price movements. 3:📅Weekly: While the weekly structure is not yet fully bearish, we know that prices have filled out important monthly areas. Therefore, we are currently seeking sell entries from this point. 4:🕛Daily: The daily breakout of consolidation (BOC) has occurred, confirming the monthly rejections. We are now waiting for a bullish correction to occur at a resistance level where we can enter a sell position. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish internally, external confirmation pending (waiting for monthly confirmation) 6: 2 Pattern Candle Chart: Inside bar pattern suggests a potential reversal towards the order block 7: 3 Volume: Bearish volume is observed 8: 4 Momentum UNCONVENTIONAL Rsi: RSI is in a super bearish zone, below 40 9: 5 Volatility measure Bollinger bands: Currently showing low volatility 10: 6 Strength ADX: Bears are in control, indicating strength 11: 7 Sentiment ROC: EUR is weaker compared to other currencies ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Monthly order block tap 15: FIB: Fibonnaci retracement levels applied ☑️ final comments: Sell 16: 💡decision: Short 17: 🚀Entry: 1.7222 18: ✋Stop Loss: 1.7601 19: 🎯Take Profit: 1.5788 20: 😊Risk to Reward Ratio: 1:7 🕛 Expected Duration: 2 months
Short
by Optimum369