EUR-NZD
EURNZD - Trade 30-10-2020 LTFTrade based on HTF Bearish
EURNZD created support yesterday and pulled back and created a resistance 1.7665. Again tested today and rejected.
Waited for Resistance confirmation on 1H close bearish and monitored 30min for entry targeting the resistance created yesterday at 1.7624 turned support today.
Good Luck all!
FX:EURNZD
EUR/NZD Bullish Forecast 🔸4H CHART EXPLANATION:
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🔸Price bounced at the Support Zone where it has bounced multiple times.
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🔸It has broken the Descending Trendline.
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🔸The long term target is the Resistance Zone at 1.8200 if price manages to break the previous local highs.
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🔸We can observe that there is a lower timeframe consolidation at this moment. We are planning a trade based on that price level.
EURNZD - Buy the dip setup.EURNZD - Intraday - We look to Buy at 1.7481 (stop at 1.7439)
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
We look to buy dips.
1.7480 continues to hold back the bears.
1.7446 has been pivotal.
With signals for sentiment at oversold extremes, the dip could not be extended.
Our profit targets will be 1.7614 and 1.7684
Resistance: 1.7585 / 1.7610 / 1.7670
Support: 1.7500 / 1.7480 / 1.7447
EURNZD Trade for 27-10-2020This trade is done according to EURNZD yesterday plan. It got my SL yesterday but it didn't make new HH.
Since yesterday, it made a structure and closed below the Support Zone.
I know i did take this trade early on anticipation that Resistance had formed, but i'd Small SL to risk and a confirmation that this resistance is below the Support zone
FX:EURNZD
EURNZD to see gains today.EURNZD - Intraday - We Bought at 1.7702
Dips continue to attract buyers.
We look to buy dips.
A higher correction is expected.
Bespoke resistance is located at 1.7830.
Pivot support is at 1.7670.
Our profit targets will be 1.7814 and 1.7862
Resistance: 1.7730 / 1.7780 / 1.7830
Support: 1.7700 / 1.7680 / 1.7615
Free EURNZD Sell a Break Setup.EURNZD - Intraday - We look to Sell a break of 1.7778 (stop at 1.7805)
1.8775 has been pivotal. Rallies should be capped by yesterday’s high.
A higher correction is expected.
We look for losses to be extended today.
Bespoke support is located at 1.7780.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.7703 (75 pips) and 1.7676 (102 pips)
Resistance: 1.7830 / 1.7865 / 1.7880
Support: 1.7780 / 1.7730 / 1.7700
💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.7680
TP2= @ 1.7583
TP3= @ 1.7468
TP4= @ 1.7330
TP5= @ 1.7162
SL: Break Above R2
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ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in EURNZDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.7813). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.7680
TP2= @ 1.7583
TP3= @ 1.7468
TP4= @ 1.7330
TP5= @ 1.7162
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
EURNZD SELL TRADE ALERT! - STILL TIME TO GET ON THE BUS !DETAILS ON THE CHART
PLEASE USE APPROPRIATE RISK MANAGEMENT
OUR STRATEGY EXPLAINED:
The entry price, SL and multiple TPs are shown on the chart.
Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter.
What is our strategy?
Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term.
The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc.
This could be on your phone trading view app, or laptop of course.
The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy...
What does this mean?
It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management.
The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow.
We just have to do what Percy does.
Please see our related ideas below for more information to explain what we do and how it can help you.
EURNZD ANALYSISEURNZD rebounded from upper limit of broadening pattern with strong bearish movement
Price is based below resistance level at 1.7964
MACD shows bearish momentum
RSI is below level 50
It's expected the continuation of bearish momentum to target first HVN at level 1.7740
then finally target lower edge of broadening pattern at level 1.7520
EURNZD Buy a break setup.EURNZD - Short Term - We look to Buy a break of 1.7796 (stop at 1.7769)
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7796, resulting in improved risk/reward.
Short term MACD has turned positive.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.7862 and 1.7875
Resistance: 1.7730 / 1.7765 / 1.7785
Support: 1.7700 / 1.7650 / 1.7630