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EURNZD trade ideas

EURNZDThe pattern I am analyzing is the Deep Crab Pattern, which is one of the key harmonic patterns used in technical market analysis. I’ll break it down step by step according to the Fibonacci levels and market direction: X to A: This represents a strong upward move that sets the foundation of the pattern. It is the initial leg of the movement. A to B: Here, we see a significant retracement reaching 88.6% Fibonacci retracement. This is a critical level that defines the position of point B. B to C: The next movement also retraces to 88.6% Fibonacci retracement of the A to B leg. This confirms that point C is correctly aligned to complete the structure. C to D: At this stage, the market is moving toward point D, which typically extends to 161.8% to 224% Fibonacci extension of the X to A leg. This is the final target zone for the Deep Crab Pattern before a potential reversal occurs. Key Observation: The direction I am predicting is downward until point D is reached. After reaching D, the market may reverse or recover upward, depending on the strength of the market. Trading Strategy: Point D is the optimal zone for traders to either close their existing trades or open new ones. It is essential to watch the market closely and look for additional technical confirmations to validate the potential reversal
Short
by professionalgoldtrader
1
EURNZD to find buyers around market price?EURNZD - 24h expiry The primary trend remains bullish. Dips continue to attract buyers. Dip buying offers good risk/reward. 20 1day EMA is at 1.8353. We look for a temporary move lower. We look to Buy at 1.8355 (stop at 1.8295) Our profit targets will be 1.8505 and 1.8535 Resistance: 1.8340 / 1.8481 / 1.8500 Support: 1.8368 / 1.8350 / 1.8280 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURNZD My Opinion! SELL! My dear subscribers, This is my opinion on the EURNZD next move: The instrument tests an important psychological level 1.8441 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.8399 About Used Indicators: On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1