Old Idea, Another BaseFundamentals
EUR
- Correlated to the dollar (Oversold USD due to exaggerated cut expectations)
- Risk Reversals, Infl.Exp.Diff.
NZD
- Bearish recent economic data
- Market Internals
- Dovish rhetoric from RBNZ
Technical & Other
- Entered partially and didn't get to enter with the second part
Setup: TC(RTF)
Setup timeframe: 4h
Trigger: 1h
Medium-term: Down
Long-term: Sideways
Min target: Closest major mirror level
Risk: 0.31%
EURNZD trade ideas
EURNZD Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for EURNZD below:
The instrument tests an important psychological level 1.7892
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7940
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
EURNZD decline to continue?Weekly - Neutral to Bearish
Daily - Bearish, plenty of upper wicks
H4 - about 10 days of consolidation, price broke to the downside. I am hoping for another retest of 1.7900.
My chart above says what I am thinking..
This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster.
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Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
EURNZD BearishBias Bearish
Fundamental
EUR has been weaken datas and ECB expect to lower interest rate. NZD is likely to continue holding interest rate and NZD having mixed data.
Price Action
Trend is bearish. Price retrace back to Daily resistance level. Price formed a triple top pattern. Price then rejected from the triple top pattern heading towards downside. breaking the H4 support level. Bearish Moment is expected to continue
Setup
Short setup at broken H4 support level.
TP Next Support level. R:R 1:3 Trend following.
SL above Triple top high +1ATR
eurnzd uy signal. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EURNZD: Local Bearish Reversal!I observed a significant bearish reaction at a key intraday horizontal resistance level on the EURNZD chart.
After testing the highlighted blue resistance zone, the price started to consolidate, forming a horizontal range on the 4-hour time frame.
The support level was breached, showing a strong selling pressure, and the pair is currently retesting that level. We expect further bearish movement, potentially down to 1.78384
EURNZD: Local Bearish Reversal?!I noticed a strong bearish response to an important intraday horizontal resistance on the EURNZD chart.
After testing the highlighted resistances blue area, the price began to consolidate and created a horizontal range on the 4-hour time frame.
The support level was broken, indicating strong selling pressure, and the pair is now retesting it.
We anticipate further bearish movement, possibly down to 1.7837.
EURNZD💡Hello everyone, EURNZD chart analysis The price made a downward movement and broke the last structure level. The price reversed from the broken structure and exited the bearish daily correction. We move to a lower time frame and look for a selling opportunity⬇️
⛔It is not investment advice, for educational purposes only.
EURNZD short term bias turned positive.EURNZD - 24h expiry
Short term bias has turned positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
We look to buy dips.
50 4hour EMA is at 1.7932.
Our outlook is bullish.
The sequence for trading is higher highs and lows.
We look to Buy at 1.7940 (stop at 1.7880)
Our profit targets will be 1.8090 and 1.8120
Resistance: 1.8000 / 1.8029 / 1.8070
Support: 1.7960 / 1.7900 / 1.7850
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.
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Because in my garden on the day before
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Despite the pain, I have decided to still share
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The system is as follows...
Step#1: The price has to be above the 50 EMA
Step#2: The price should be above the 300 EMA
Step#3: The price should gap up in a trend
Now in this chart, you will see
the CCI
This indicator is meant to show you that
this forex pair is undervalued or cheap
this means it is a good buy
to learn more
Rocket boost this content
trade safe.
Disclaimer: Trading is risky please learn risk management
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