EUR-NZD
EUR/NZD coming to a nice zoneLooking for either a bounce back up or a break and retest down to the recent lows.
EURNZD a short outlook? 🦐EURNZD on the 4h chart is now testing the minor dynamic trendline and the support structure.
IF the price will break and close below 1.77100 we can set a nice short order according to Plancton's strategy.
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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 ANALYSISEURNZD broke uptrendline
Price is based below HVN at level 1.7740 which indicates that pair is in distribution phase
Pair is based below key level at 1.7714
Below SMA 100
MACD shows start of bearish momentum
It's expected for coming bearish movement to target demand zone at level 1.7450
EURNZD is in a growing channalIt is very clear that en is in a up trend , after touching the bottom of the channal, I expect a push and growth from it. Target- price control level
EURNZD Long ScalpLonging EURNZD here, about a 2:1, 2.5:1 RR will hold and move SL to break even as i see fit, always be aware of volume at key levels get in on pullbacks as needed
EUR/NZD Daily Support LevelPrice is stabilizing on daily support level at 1.77234. Overall we are in sellers territory so we are looking for potential sell setup below the daily level. If price broke the range at 1.77657 we are looking for buy potential setup with 1. target at 1.78300 where is the start of sellers territory.
EURNZD false breakout?Sure looks like we just had a false breakout, although if we get a close above both trendlines we might have some room to run to the upside.
EURNZD TRADE IDEA - START OF A NEW TREND TO THE UPSIDE ?EURNZD Trade idea using our strategy tool, entry still valid.
Time to go? Let's see...
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: Price Action & Potential Bullish Continuation
Very important higher high higher close on daily on EURNZD.
after a consolidation within a wide trading range, the price formed a higher low,
and then it managed to break through a strong resistance cluster.
now the broken resistance area serves as support.
I will be looking for a reversal pattern on a lower timeframe to buy the market from it.
next goal will be 1.81
(remember that the safest entries are always on lower t.f / be patient and wait for a signal there to get low-risk opportunity)
EURNZD 4h analysis 🦐EURNZD on the 4chart retraced back till the 0.618 fib level of the previous bullish leg.
Market is currently testing the minor resistance at the top of the minor descending channel or bull flag.
If the market will break and close above it we can set a nice long order according to Plancton's strategy for the new impulse.
–––––
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/NZD Short Term Bullish Analysis🔸 4H CHART EXPLANATION:
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🔸We consider that most of the EUR pairs have a bullish output in the short term.
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🔸In this case, we can observe that price bounced at the Support Zone and broke the Descending Trendline.
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🔸It is consolidating on a corrective structure, and we are waiting for a bullish breakout here.
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🔸 If that happens, then we consider that it has potential to reach the Resistance Zone.
EURNZD Long TradeCaught a nice long trade on EURNZD today.
Price returned to an area of the price action (blue rectangle in between support and resistance) at 1.76473. Around this level, we have seen bullish momentum occur and so this is a level to keep an eye on.
Once I received confirmation of rejection at this level (Close bullish 4H candlesticks) I entered a long trade at 1.7681.
As price neared the 200 day EMA I monitored my position closely in case we saw the bullish momentum turn bearish. Often, the price may reach the 20 day EMA and reject.
EURNZD: Simple price action tradingHey guys,
Took this trade a couple of minutes ago.
We have pin bars forming at the top of the flag and price trying to break out.
The idea is to set a tight stop loss a couple of pips below the pin bars and to wait for a potential breakout.
The next supply are is indicated in my chart.
A potential 40+ pip trade!
Trade at your own risk
EUR/NZD in a Bear flag.EUR/NZD is in a Bear flag with bias to break to the downside.
I am looking to sell either the top of this resistance area which is around 1.7816 or sell the break of the uptrend flag line, currently around 1.7784.
Take profit will be in the middle of the support area, around 1.77380, so roughly 40 to 44 pips profit.
Good luck with this trade!
Tibor
EUR/NZD Bullish Scenario / Top-Down Analysis🔸 4H CHART EXPLANATION:
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🔸Price bounced at the Daily Support Zone.
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🔸It has broken the Descending Trendline.
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🔸We need a breakout of the Resistance Zone to confirm the bullish view. The potential target is the next Resistance level at 1.8200.
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🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART ANALYSIS:
