EURNZD is approaching resistance, potential reversal| 9 Nov 2020Price is approaching our first resistance in line with our descending trend line, horizontal swing high resistance and 61.8% fibonacci retracement where we could see a reversal below this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
EUR-NZD
EUR NZD : BULLISH GARTLEY IN FORMATION Welcome back Traders, Investors and Community!
Analysis of #EURNZD
If you have found this useful then help us support my page by hitting the LIKE button.
If you are not subscribed yet then please feel free to follow my page for daily updates and ideas. Thank you
It means a lot to us!
***
Strategy: Bullish GARTLEY With potential Max R/R 2.63
***
Your support and feedback will always welcome
Thank you for your time.
The information contained herein is not intended to be a source of advice or credit analysis
Regards,
Walter
EUR NZD : BULLISH GARTLEY IN FORMATION
EURNZD - Buy the market dip setup.EURNZD - Short term - We look to Buy at 1.7478 (market) (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.
Daily pivot is at 1.7470.
We look to buy dips.
Dip buying offers good risk/reward.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 1.7579 and 1.7626
Resistance: 1.7600 / 1.7650 / 1.7670
Support: 1.7540 / 1.7470 / 1.7450
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:
.
.
🔸Price bounced at the Support Zone where it has bounced multiple times.
.
🔸It has broken the Descending Trendline.
.
🔸The long term target is the Resistance Zone at 1.8200 if price manages to break the previous local highs.
.
🔸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
❤️ 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 ❤️
💡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 ❤️