Eurnzdtrade
EURNZDEqual lows created on 14 Jan and 21 Jan on the 4hr time frame respectively has been taken out on 27 Jan. Price quickly moved away from its bearishness creating an order block in the 4hr time frame and also taking out the previous swing highs on the 22 Jan. As we can see on the chart, after price took out the previous swing high, it came back to retest our 4hr OB and our 1hr Support.
EurNzd outlookAfter reaching almost 1.8 important resistance zone, EurNzd dropped and found support in 1.76 old support zone.
Now the pair is correcting this move and I expect a new leg down after this correction.
Sell rallies is my strategy for this pair and a good place to search for selling opportunities is above 1.77
BREAKING: #EURNZD to challenge 11 year highsThe multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs.
EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years.
This is a market definitely to look forward to witnessing it's unfolding.
Even sleeping dogs can only lie so long.
EURNZD: Range Opportunity Pending Long Bias at Test of Buy-Zone
Current Overview:
Monthly: Sell
Weekly: Sell
Daily: Buy
4Hr: Sell
60Min: Sell
Additional uncharted upside target: 1.8416
Note: Idea is to complement your research.
Check comments section for future updates on idea.
Like this idea? Like, Share, Follow (...)
Thank you and Happy trading.
EURNZD Ending the Month With a Bullish MoveProjection for $EURNZD next week..
Why Bullish?
- Consolidated at 4H
- Small Green and Red Candles
Gathering strength and orders, we just need a big RED Candle from BELOW.
Do you like this IDEA?
If you do, please hit LIKE or COMMENT.
Or follow me, for more ideas.