EURNZD Long 280PIPS!Hello traders, today we have ourselves a lovely EURNZD Long trading idea. This trade idea is based off the fact we are expecting EURO strength next week and NZD weakness making EURNZD move in a bullish direction.
This trade idea is based off many factors -
Firstly, the price action is in a small bearish correction during its bullish impulse and is currently in a structure level followed by a fib level. This has given us a very strong indication of a reversal and we are looking for a reversal pattern in the lower time frame to secure our entry.
Please check out my other trading ideas and be sure to like & comment!
EUR-NZD
EURNZD Reversed Off Resistance, Potential Drop!EURNZD has potential to reversed off from 1st resistance at 1.67908 in line with 38.2% Fibonacci retracement and 50% Fibonacci extension to 1st support at 1.64878 in line with 127.2% Fibonacci retracement and 50% Fibonacci extension. Our bearish bias is further supported by how RSI is showing a negative bearish divergence. Otherwise price may continue to bullish towards 2nd resistance at 1.69453 in line with 61.8% Fibonacci retracement and 76.4% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD LONG 360 PIPS!Hello traders, today we have a lovely setup for EURNZD , this trade is a rentry from our first analysis. You can see where the first reversal was identified after the break of the bearish trend.
For this entry I have gone for a larger risk then normal so I will use a smaller lot size for this to lower the risk all together.
Our overall target is 360 pips profit, with a 45 pip risk making the R:R 1:8 which is still rather high considering we are using a larger risk.
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EURNZD facing bullish pressure, potential for further upside!Price is above 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension . It could potentially bullish from 1st support at 1.64878 in line with 127% Fibonacci retracement and 127.2% Fibonacci extension to 1st resistance at 1.69271 in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension . Our bullish bias is further supported by price is seeing a bullish divergence in RSI. Otherwise price may continue to bearish to 2nd support at 1.63224 in line with -27.2% Fibonacci retracement and 200% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD heading down for more?
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD a short outlook? 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area .
The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below.
According to Plancton's strategy if the price will satisfy the academy rules we can set a nice short order.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EURNZD: Pullback From Key Level. Update 🇪🇺🇳🇿
Hey traders,
Recently we have spotted a major key level on EURNZD.
As the price reached that on Friday, I flagged the pair and was looking for a confirmation to buy.
This morning I finally got one:
I spotted an ascending triangle formation with a confirmed neckline breakout.
Now growth is expected.
Goals:
1.6725
1.677
❤️Please, support this idea with a like and comment!❤️
EURNZD a sell opportunity 🦐EURNZD on the daily chart ends the correction in the ascending channel and now testing the support area.
The price starts the bearish move at a confluence point enlighten in the chart and now is breaking below.
According to Plancton's strategy if the price will satisfy the academy rules we can set a nice short order.
–––––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
EUR/NZDEUR/NZD is looking like it is coming to the end of its correction there for i am looking for buy opportunities.
I would like to see the price come down further before entering a long position but if price decides to keep pushing up i will wait until price has broken the trendline & re tests structure.
Outlook on EURNZD: Pullback presents an opportunity to sellOn the monthly time frame, EURNZD remains under pressure with a breakout and re-test of its previous ascending support line. Looking at the H2 time frame, prices remain under pressure, holding well below its resistance zone at 1.69500 area, in line with the 50% fiboancci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.6650 support zone .
EURNZD approaching 1st support, potential for a bounce!Price is reacting below first resistance at 1.70577 which is in line with 61.8% Fibonacci retracement and 38.2% Fibonacci extension. It could potentially bullish from first support at 1.67452 in line with 78.6% Fibonacci retracement and 100% Fibonacci extension to first resistance. Our bearish view is further supported by how stocastic is reacting above the support where price increase in the past. Otherwise price may continue to bearish to second support at 1.6642 in line with Horizontal Swing Low and 127.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD [H4] Price is still running in the H/L frameEURNZD Price is still running in the H/L frame,
so recommend when the price touches the support area 1.664 - 1.667 area.
Recommend entering a sell position at the support to expect the price to bounce back or Swing High again.
SL below support
Goodluck Trader
TonTrader | TamjaiTrader
🚀🚀🚀🚀🚀🚀
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.6948 (stop at 1.6973)
Short term bias is bearish.
We look for losses to be extended today.
1.7163 has been pivotal.
Expect trading to remain mixed and volatile.
Our profit targets will be 1.6873 and 1.6853
Resistance: 1.7000 / 1.7040 / 1.7070
Support: 1.6970 / 1.6930 / 1.6900
EURNZD Sell the breakdown.EURNZD - Intraday - We look to Sell a break of 1.6878 (stop at 1.6903)
There is no indication that the selloff is coming to an end.
Our short term bias remains negative.
A break of yesterdays low would confirm bearish momentum.
Price action is forming a bearish flag which has a bias to break to the downside.
Our profit targets will be 1.6804 and 1.6784
Resistance: 1.6940 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6830
🚀EURNZD with HIGH chance of big bulls!As we stated in our recent AUDUSD short, New Zealand has increated their lockdowns further, their delta covid situation might get a little out of hand, but even if it does not, closing the economy never helps.
EURNZD is the highest traded pair today so far based on volume and if we review the 3 charts we have in this analysis it does make sense that we could see a strong bull breakout to the next key level.
EURNZD to go higher or ???Let's watch for the breakout of this range on h4...
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
EURNZD (INTRADAY) trade - Long position possibility Hello traders,
We are currently looking at a intraday long trade on the EUR/NZD.
The pair is in bullish enviroment according to the indicators and structure broke bullish again.
Structure gives us a reversed H&S that indicates bullish pressure.
Also counter-trendline broke, wich means we will be waiting for the indicators to signal our entry.
Kind regards