EURNZD shorted...solid setup ๐ฏ
SEN @ 1.9575
Euro / New Zealand Dollar forum
๏ปฟEURNZD shorted...solid setup ๐ฏ
SEN @ 1.9575
EURNZD There is a possibility that European tariffs on exports to the United States will double. Trump also announced this, and this will devalue the euro / euro is short
Its time for EURNZD to go down
EURNZD to go down
EURNZD this pair got crazy ๐คฃ๐คฃ๐คฃEURNZD i think it will first resch the liquidity above before going down.
EURNZD doing everything but doing down
EURNZD this should fall
EURNZD im waiting for selling conflimation till to the level of bos and observe to take my buying opportunity for continue with main trend
EURNZD NZD Bearish Reversal at Resistance Zone ๐จ๐ Chart Analysis:
1. ๐ Trend Overview:
The NZD pair has been in a strong uptrend, pushing price action into a major resistance zone around 1.96206.
This area previously acted as support, creating a support-turned-resistance (flip) structure ๐.
2. ๐ฅ Key Resistance Zone:
Marked by the red box at the top, the price is struggling to break above the 1.96206 level.
A red downward arrow ๐ป indicates potential rejection from this resistance, signaling sellers may dominate.
3. ๐ Historical Bounce Zones:
Multiple orange circles highlight previous support levels that played a role in price reversal.
These zones validate the strength of the horizontal level being tested now.
4. ๐ Bearish Setup:
After hitting the resistance, a potential drop is mapped with a long downward black arrow.
The price is expected to target the grey demand zone near 1.90274, labeled as TARGET ๐ฏ and OK โ .
5. ๐ผ Bullish Attempt:
A green upward arrow indicates a recent bounce from a minor support zone.
However, this could be a lower high formation before a significant drop, especially if price fails to break above resistance.
6. ๐ Technical Tools:
Diagonal trendlines and horizontal support/resistance zones have been used to project breakout targets and price zones of interest.
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๐ Conclusion: Unless a clean breakout above 1.96206 occurs with strong volume, the chart suggests a high probability of bearish reversal. A short position toward the 1.90274 target zone may offer favorable risk-reward. ๐งญ
EURNZD stopped out tradingview.com/x/mhbKZW90/
