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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 - 4 - 8 Jan Week trade opportunities for referenceThis is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan FX:EURNZD Jan Week 4 - 8 Previous momentum: Bearish Week Close: Bearish Range: 284 pip - With last week failure to sustain the bullish momentum above the 1.7180 and rejection confirmation at 1.7220, EURNZD ended last week bearish at Support zone at 1.6950/80. - EURNZD started this week with retracement to the next resistance zone 1.7080/1.7100 (Expected as per the weekly trade plan posted) and rejection confirmed at the zone for bearish continuation and retest of the support zone at 1.6950/80 TP1 and break to test 1.6880 TP2 and 1.6780 TP3. - The COT report and Seasonality of NZD currency supported the bearish momentum to reach TP2 and treated any rise as opportunity for Shorts. - Highlighted 3 opportunities for Short according to my rule of having Momentum and 1H close in my direction and as per my Weekly Plan. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Weekly plan: Jan 5 Update: Jan 6 Update: Jan 8 Update:
by Amr_Sadek
EURUSD, 4hr tf, buy on retest of ascending trendlineHello my friends, Today i am gonna trade EURUSD. I am taking a buy position for this pair. As you can see, EURUSD respecting this ascending trendline from the beginning of Desember until now. As long as price above this trendline, we will only look to buy EURUSD on every dip. Notice also price above EMA-200 so, we could say EURUSD is bullish. I also marked potential horizontal support level with those yellow area. This area is an area where price open with a gap. Usually this kind of gap will turn into support or resistance. Buy EURUSD 1.2250 Stop loss 1.2215 Take profit 1.2470 (6.3R) RR Ratio 1 : 6.3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
EURNZD - 04-08 Jan 21 Week trade PlanThis is my 04-08 Jan 21 Week trade Plan for EURNZD. With EURNZD ended Dec 2020 with bearish close confirming the bearish momentum, I'm expecting a bounce from the HTF support created 24 Nov 2020 at 6980 which is expected to be rejected at/below 7080/7100 for bearish momentum continuation and retest/break and close below 6980 for targets at 6880 and 6780. A reversal can also be in place in case of the support/double button formation at 6980, a break of the 7220 and solid support formation above 7180 will confirm this scenario which can trigger longs to retest 7345. Weekly Close : Bearish Daily Close : Bearish 4H : Bearish Overall view is Bearish till a daily close and forming solid support above 7220. Levels to watch: - 1.7600 - 1.7450 - 1.7345 - 1.7220 - 1.7080 - 1.6980
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 - 14-18 Dec Week trade opportunities for referenceFX:EURNZD This is a summary of the trade opportunities during this week according to my Trade Rules: 1- Momentum 2- HTF close with momentum direction 3- 1H close above / below previous candle in momentum direction 4- Targets for TP points from Week Trade Plan Dec week 14 -18 - Previous momentum: Bearish - Week Close: Bullish - Range: 180 pip - Ranging dominated the week after the bearish momentum in last week in-between 1.7080 to 1.7220 zone. - 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 3 are Long opportunities which could be traded but wasn't planed. - Check 4H TF you will find that 4H candle close is Bearish and closing below previous candle. Week Trade Plan : Actual Week:
by Amr_Sadek
EURNZD - Daily Outlook for Dec 2020 - Update 2 This is an update to Daily outlook on EURNZD. - Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1. - A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend - A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones. Notes for Next week: Monthly Close : Bearish Weekly Close : Bearish Daily Close : Bullish 4H : Bearish momentum 1H : Ranging Previous daily outlook : FX:EURNZD
by Amr_Sadek
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