EURNZD short ongoing 📉👇My second share of the week is a EURNZD short trade.
Once again POW reversal script is being used for this strategy.
Trade details for current trade are shown on the chart.
We are working the 15M time frame on this strategy.
We're looking for the green line which is take profit target.
Little red arrow is entry point and purple line is stop loss.
Previous four trades can be seen on chart also.
This strategy is looking to make it 7 out of 7 trades.
All the trade history and strategy performance can be found in the report box below.
The report box tabs when pressed show all the details of trades taken and logged.
You as the viewer of this idea can also do that so go ahead and have a play.
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I try and share as many ideas as I can as and when I have time. My trades are automated so I am not sat in front of a screen daily.
Jumping on random trade ideas 'willy-nilly' on Trading View trying to find that one trade that you can retire from is not a sustainable way to trade. You might get lucky, but it will always end one way.
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The stats for this pair are shown below too.
Thank you.
Darren
EUR-NZD
EURNZD on a range break 🦐EURNZD on the 4h chart is trading in a range over a weekly support.
The price recently broke the minor ascending channel and now is testing the structure.
According to Plancton's strategy if the price will break below and satisfy the ACADEMY conditions we will 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.
EUR/NZDLooking for something like this on EN
Monthly & Weekly - Bearish
Daily - Bullish
4H & 1H - Currently bearish but i am looking for the 1H & 4H to turn bullish to take an entry long up to the daily structure & weekly 78.6
Looking for a break of the 4H descending trend line before looking to enter a buy position
You could class this as a counter trend trade since the higher timeframes are bearish but the R:R is good and i expect a bigger pull back on this pair
EURNZD an inverse h&s range 🦐EURNZD on the 4h chart tested a few times the weekly support.
The market after a false breakout took the liquidity and is now testing the neckline at the 1.63 level of inverse head and shoulder formation
According to Plancton's strategy if the price will break above and the ACADEMY conditions will be satisfied we will set a nice long 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.
Outlook on EURNZD: Bullish play seenOn the weekly time frame, prices tapped into the demand zone where we could see a pullback in prices. On the H4 time frame, we are seeing bullish order flow with prices failing to form lower lows. Currently, prices are testing a key resistance at 1.63152 and a break above this level could see prices push higher to the next resistance target at 1.65311, in line with the 50% fibonacci retracement. EMA and Ichimoku cloud are showing signs of bullish pressure as well supporting our bullish bias.
EURNZD on a false breakout 🦐EURNZD on the 4h chart tested a few times the weekly support.
The market a false breakout took the liquidity and is now testing a 4h resistance at the 1.62 level.
According to Plancton's strategy if the price will break above and the ACADEMY conditions will be satisfied we will set a nice long 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.
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6331 (stop at 1.6301)
The trend of lower highs is located at 1.6330.
A break of bespoke resistance at 1.6330, and the move higher is already underway.
We are trading at oversold extremes.
Short term momentum is bullish.
Our profit targets will be 1.6421 and 1.6441
Resistance: 1.6300 / 1.6330 / 1.6370
Support: 1.6280 / 1.6240 / 1.6200
A divergence signal appeared with EURNZDH4 time frame.
Structure: Downtrend.
Divergence signal appeared and Key level at 1.63000 was broken.
Wait for the price to complete the head and shoulders reversal pattern and have a retest to confirm the breakout, then you can find buying opportunities.
The profit target is the 1.65500 price zone.
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Wish you all have a good trading day!
EUR/NZD long ideaHi traders,
For today I analysed EURNZD pair. Currently they bounced from multiyears low and I think that is going to test 1.6300 area by the end of week.
Daily RSI is on 37 lvl, and weekly RSI is on 34 lvl.
Also today we have labour reports from NZD (expected lower that previous).
Feel free to comment your opinion !
EUR/NZD Signal - EUR Consumer Price Index - 29 Oct 2021EURNZD is selling now prior to the EUR Consumer Price Index data, which measures the change in a representative basket of goods and services, and is used to measure inflation. Technically the pair is ranging after a bearish leg, and we are selling range resistance.
EURNZD turn a the 0.618 🦐EURNZD on the daily chart after the last bearish move tested the 0.618 Fibonacci level.
The price bounced over a weekly support and start to trade over a dynamic trendline.
According to Plancton's strategy if the market will break and close below we will 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.
EURNZD Sell the break setup.EURNZD - Intraday - We look to Sell a break of 1.6319 (stop at 1.6351)
We are trading at oversold extremes.
A break of yesterdays low would confirm bearish momentum.
Daily pivot is at 1.6320.
There is no clear indication that the downward move is coming to an end.
Our profit targets will be 1.6231 and 1.6211
Resistance: 1.6370 / 1.6400 / 1.6440
Support: 1.6330 / 1.6300 / 1.6270
EURNZD is facing bearish pressure, potential for more downside.EURNZD is holding below descending trendline resistance and may bearish from 1st resistance at 1.67070 in line with 23.6% Fibonacci retracement and 23.6% Fibonacci extension towards 1st support at 1.65540 in line Horizontal swing low and 78.6% Fibonacci extension. Our bearish view is further supported by how MACD is holding below the 0 line. Otherwise price may bullish towards 2nd resistance at 1.67631 in line with 50% Fibonacci retracement and 38.2% Fibonacci extension.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
EURNZD 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!
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.
Feel free to leave a comment and like and be sure to follow so you can keep up to date with my new ideas.