Eurnzdtrade
EURNZD For A SellThis week we have looked at a certain pattern style based upon a consolidation and impulse push drive away from these areas. The return we look at a logical area on smart money for this week i have looked at the 15 minute set ups on this pair its the 1hr chart lets see if we get the return or pull back into our bargain price area for the entry the tp as always is the end of the original impulse push
What are your thoughts........?
EURNZD H4EURNZD
In the 4-hour time frame, it hits the bottom line of the trend and is ready to climb.
If it goes according to the analysis, the first target is the red line and if it crosses it, it is predicted to the top of the channel.
The general trend of this currency pair is bullish and
This analysis fails if the canal floor is broken.
** This is just a personal analysis **
Give your comments below.
Good luck
EUR/NZD with a nice sell-OPPORTUNITY!Hey tradomaniacs,
EUR/NZD seems to setup a short-trade here as the previous breakout has resulted in a strong momentum with a very decent pullback now and all this without any corrections.
At this key-resistance, we have seen many fake-moves, rejections and recently a strong momentum to the downside (distribution).
So far the market shows clearly a sign of weakness here, especially since higher volume was not able to push price through it.
Either wait for another fakeout or for momentum to the downside to get a decent confirmation!
Nice risk-reward is worth to trade this!
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EurNzd- To resume its downtrend?The trend for EurNzd is clearly down and after correcting and confirming 1.7 as strong resistance (twice) the pair started to roll back to interim 1.6650 support
A break here would also confirm a double top formation and give scope to a retest of 1.6350 low.
Rallies should be sold and only a clear break above 1.7 would negate this bearish scenario
EurNzd- Down continuation?After February's low around 1.6350, EurNzd recovered and reach, as I expected, 1.7 resistance.
A double top was formed here signaling that the correction is over
Now the pair is under the ascending trend line and we can speculate that the downtrend has resumed
I expect a new drop to 1.6350 support and only a break above resistance (1.7) would negate my scenario
EUR/NZD - move to 1.7347⚡️Price reversal movement continues. I see one strong level 1.7347. Good pair for the medium term.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade