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EUR-NZD

EURNZD | Cup & HandlePlease support this idea with LIKE if you find it useful. Initiate Long. Entry - 1.72023 TP1 - 1.74636 TP2 - 1.76218 TP3 - 1.77764 TP4 - 1.79272 SL - 1.70950 (Please consider putting your stop-loss under resistance zone) Reason: Price formed Cup & Handle, was supported on Pivot Point. Now breaking Ichi Cloud resistance. We can initiate a position on a breakout of horizontal. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Long
by Anpu
EURNZD | Price is Overbought (Risky Setup)Please support this idea with LIKE if you find it useful. Initiate Short. Entry - 1.71142 TP1 - 1.70106 TP2 - 1.68501 TP3 - 1.67517 TP4 - 1.66300 SL - 1.71453 (Please consider putting your Stop-Loss Above Horizontal Resistance) Reason: Price being rejecte by Horizontal Resistance. RSI is overbought. -This setup is risky because of previously we had situation when the price had not reacted on being overbought and continued growing (situation you can see on the chart, price was interacting with the same horizontal). You can consider initiate a position on a confirmed rejection Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Short
by Anpu
13
EURNZD | Price is Overbought (Risky Setup)Please support this idea with LIKE if you find it useful. Initiate Short. Entry - 1.70113 TP1 - 1.69070 TP2 - 1.68474 TP3 - 1.68077 SL - 1.70436 Reason: The price is overbought according to RSI (though it can be overestimated due to previous decline). The price might be Rejected by strong resistance zone and 61.8% fib level. Please consider entering this position on the price already retraced. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Short
by Anpu
6
EURNZD | Ichimoku Cloud Supports the PricePlease support this idea with LIKE if you find it useful. Initiate Long. Entry - 1.68232 TP1 - 1.69024 TP2 - 1.69366 TP3 - 1.69767 SL - 1.67981 Reason: Ichimoku Cloud supports the price and the price might break the local resistance and tests higher ones. Also recent time supports worked more efficiently, which is one more good sign. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advise.
Long
by Anpu
EURNZD May Reverse! Trading Plan good morning traders! I have been following EURNZD for a quite long period of time. from October the market is trading within a falling parallel channel. for three months the market is steadily going down and we haven't seen a pullback. recently the market has reached a strong horizontal support level and I expect a bullish reaction from it. for confirmation, I will be waiting for a bullish breakout of a falling channel. target levels will be based on structure: 1.70 / 1.73 stop will be below the lower low within the channel. *if the market goes lower and sets new lower low within the channel, our setups will be invalid
Long
by VasilyTrader
6
EURNZD - ShortWaiting for a sell signal on the 1m and 5m time frame for EURNZD. There is an alternate bat pattern completing in the sell zone as well. There was a strong up move (purple) which triggered a lot of people to go long. I believe the banks want to go short. The blue line is the start of that up move they made, so I'm looking for them to close out those longs before they begin to go short. I also like the idea that we have a double bottom forming which might get people to go long again...(as we sell) I'd like for the entry to happen just after the NY opening bell, 8am-8:30am As this could be a false breakout, then they might reverse it with 15 minutes left to the hour. I'm not too fond of the structure, and how things look, but it follows my rules so I am entering. Take profit - next level of bullish volume AND my aggressive target will be that greyish blue line on the bottom. There are equal lows there where people might have pending orders the market makers want to target. Confirmations: Reverse Crab, Alt Bat, Liquidity Spike, Bearish Point of Control, Bearish 5-0 (all completing within 5 pips of each other) -GP3
Short
by elevatedinvestor
1