EURNZD is forming a Descending triangle pattern on the 4Hr with a bullish divergence. Upon the breakout and restest of the trendline we can take a long trade.
EUR/NZD has just bounced off a support level which is an overlap support that lines up with the 161.8% Fibonacci extension and could rise to our take profit. Entry: 1.76311 Why we like it: There is an overlap support level that lines up with the 161.8% Fibonacci extension. Stop loss: 1.75413 Why we like it: There is a pullback support level which aligns with the...
EURNZD - 24h expiry Our short term bias remains negative. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.7784. The sequence for trading is lower lows and highs. Expect trading to remain mixed and volatile. We look to Sell at 1.7785 (stop at 1.7835) Our profit targets will be 1.7665 and 1.7635 Resistance: 1.7760 / 1.7785 / 1.7820 Support:...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.77500 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.77500 support and resistance area. Trade safe, Joe.
EUR/NZD is falling towards a support level which is an overlap support that lines up with the 161.8% Fibonacci extension and could bounce from this level to our take profit. Entry: 1.76311 Why we like it: There is a pullback support level which lines up with the 161.8% Fibonacci extension. Stop loss: 1.75413 Why we like it: There is a pullback support level...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.78600 zone, EURNZD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.78600 support and resistance area. Trade safe, Joe.
EUR/NZD is rising towards the pivot which has been identified as a pullback resistance and could potentially reverse to the 1st support. Pivot: 1.78614 1st support: 1.76772 1st Resistance: 1.79606 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias still on the downside, bounce would be coming but likely to still look for shorting opportunities for this EURNZD and GBPNZD Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt...
Everything is on the graphic but here we have a potential great entry point for a long swing trade. Very tight risk to put size on the swing trade. Great Trade !
Price is falling towards a support level which is an overlap support and could bounce from this level to our take profit. Entry: 1.77495 Why we like it: There is an overlap support level. Stop loss: 1.76580 Why we like it: There is an overlap support level which lines up with the 100% Fibonacci projection. Take profit: 1.78571 Why we like it: There is an...
EURNZD is currently in an ABC correction. We've completed wave B and now we're in wave C. The completion of wave B can be used as a strict invalidation level for our short play. We can use a channel to gauge the target for wave C, which happens to be the -27 fibonacci extension of wave A. Trade Idea: - Watch for a correction to appear - Enter on break of...
EURNZD - 24h expiry Daily signals are mildly bullish. Dips continue to attract buyers. 1.7966 has been pivotal. A break of the recent high at 1.7966 should result in a further move higher. We are trading at overbought extremes. We look to Buy a break of 1.7971 (stop at 1.7931) Our profit targets will be 1.8071 and 1.8091 Resistance: 1.7947 / 1.7966 /...
Hey Traders, in today's trading session we are monitoring EURNZD for a selling opportunity around 1.79900 zone, EURNZD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.79900 support and resistance area. Trade safe, Joe.
EURNZD - 24h expiry Price action is forming a bearish flag which has a bias to break to the downside. Trend line resistance is located at 1.7960. Rallies should be capped by yesterday's high. We look for a temporary move higher. Risk/Reward would be poor to call a sell from current levels. We look to Sell at 1.7950 (stop at 1.8000) Our profit targets will...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 0.97976 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement. Stop loss: 0.98340 Why we like it: There is a pullback resistance...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could reverse from this level to our take profit. Entry: 1.79858 Why we like it: There is a pullback resistance level which aligns with the 38.2% Fibonacci retracement. Stop loss: 1.80981 Why we like it: There is a pullback resistance...
EURNZD - 24h expiry Bespoke support is located at 1.8000. A lower correction is expected. We look to buy dips. Expect trading to remain mixed and volatile. Daily signals are mildly bullish. We look to Buy at 1.7995 (stop at 1.7955) Our profit targets will be 1.8095 and 1.8125 Resistance: 1.8050 / 1.8090 / 1.8109 Support: 1.8000 / 1.7980 / 1.7935 Risk...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for the break up Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL...