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Support-zone

EURNZD - 17-22 Jan Week trade Plan This is my 17-22 Jan 21 Week trade Plan for EURNZD . FX:EURNZD Previous Month : Bearish Previous Week : Bullish Daily : Bullish 4H : Bullish - With all HTFs (M, W, D) are trending down, Monthly pointing to 1.6670 - Weekly pointing to 1.6770 and Daily currently bouncing from a solid support zone 1.6850/20. - The COT report showing that 70% of institutional positions are Long NZD which is the highest since 3 years compared to 30% Short positions. This is translated on the chart with EURNZD sustaining it's bearish trend and we are seeing support levels broken every week. - Seasonality showing that EURNZD should be strong during the first 2 weeks of Jan which had happened during the last 2 weeks and the highest to reach this month and weakness should be the theme for the remining of Jan. - Through trading several Months EURNZD, I prefer to see retracements to any move in order to have a range to trade to target. So I recommend to Short after retracement or break and Resistance formation below broken Support and vise versa for Longs. - We have important news for NZD on Tuesday and Friday, Also China is having very important news on Monday and Wednesday.
by Amr_Sadek
EURNZD - 11-15 Jan Week trade Plan FX:EURNZD This is my 11-15 Jan 21 Week trade Plan for EURNZD . Previous Month : Bearish Previous Week : Bearish Daily : Bearish 4H : Bearish With EURNZD ended last week with bearish close below 1.6980 confirming the bearish momentum, I'm expecting further continuation to the down side with cautious as currently we are at HTF support zone that may hold a bit EURNZD from the down move. Also COT Report and Seasonality are showing that NZD is currently strong, so expectation for the bearish momentum continuation is viable. I'd highlighted 2 scenarios for Shorts and Longs with No Trade Zone.
by Amr_Sadek
EURNZD - 21-25 Dec Week trade opportunities for reference- Dec week 21 -25 - Previous momentum: Bearish - Week Close: Bullish - Range: 242 pip - Bullish momentum, break of last week high and retesting Nov 9 resistance level was the first spot at week start. With EURNZD HTF bearish momentum and current unjustified bullish move, failure to break and hold above 9 Nov resistance at 7345, suggests that correction for this up move is due. - Highlighted 2 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. the other Long opportunity could be traded but wasn't planed. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Previous week trade plan : FX:EURNZD
by Amr_Sadek
EURNZD - HTF Outlook will evolve for a trade plan FX:EURNZD This is my outlook for EURNZD for next week Nov 23-27. Putting in consideration the following: 1- HTF Solid Bearish Momentum 2- Weekly tested Solid support zone 3- Daily Bearish Close 4- 4H Bearish momentum 5- 1H Potential Bullish momentum Also a reference note: Historical Points on EURNZD - It intends by end of Nov to slow down in trend to reverse in Dec. - So if we just reached a support or at least this week another low, i expect it to reverse in Dec
by Amr_Sadek