EUR-NZD
EURNZD News TRade Set-up + 61 PIp PotentialNZD strengthened after RBNZ Gov. Orr’s press conference and this pair has now gone into a consolidation between 1.6932 (High) and 1.6890 (Low).
Entry = 1.6931
Stop = 1.6951
Risk = 20 pips
Profit target = 1.6870
Reward = 61 Pips
RRR = 3.-1
Once this trade is up + 20 pips, move your stop to breakeven and let it run.
I would appreciate if you leave a comment or like as a thank you
Allen
EURNZD on downtrend confirmed but reversal imminent? With EURNZD, we have good potential for buys but there seems to be a little backlash if we get into the buy now. Price just broke the key area of 1.70479 and retested that key area on the hourly timeframe. Though looking at the bigger picture, I slapped on a Fibonacci and a strong key area box and we have price reversing towards the high at the 50% fib. This is a good indication of the buy continuation yet the closest key area is already retested.
What we'll do is put a BUY STOP position so we can wait for the price to break up past the key area and continue up. Good luck
EURNZD BUY STOP
start: 1.70542
stop loss: 1.70137
take profit: 1.71868
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EN: Wkly long setupEN is still in an downtrend which is key to keep in mind, however if this finds support at the green colored "buy-zone" and we can multiple confluences of support on different time frames entering a long trend in accordance with the structure we've watched for a long entry. This setup is going to entire on price action at certain levels.
EURNZD - Head and Shoulders topTrade Idea
A bearish Head and Shoulders has formed.
Negative overnight flows lead to an expectation of a weaker open this morning.
Selling posted in Asia.
We look for a re-test of the downward trending resistance.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.7325, resulting in improved risk/reward.
We look to Sell at 1.7325
Stop: 1.7375
Target 1: 1.7150
Target 2: 1.7100
EURNZD SHORT IDEAPrice action in higher volume measurements is respecting both our Support and Resistance in our Channel, I'd like to see this pair complete its AB=CD Pattern with Price Action showing a clear rejection at the .78% Fibonacci Retracement, calculating final targets would be at the very bottom almost hitting support before price reverses and turns into a bullish market.
View On EURNZD D1 (05/11/2019)My view on EURNZD:
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is price will break through 1.7321 (support level) and down to the next support level (1.7000)
Thanks for reading !
EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX