EUR-NZD
Head & Shoulders Pattern Observed on EURNZD...EURNZD is setting up a much recognisable head and shoulder pattern on the daily chart. Will this play out to be a textbook pattern. Only risk identified is the Weekly still showing of bulls. If it works, the dotted will be my Profit Target
EURNZD 7/10/2019Hello Traders!
We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot.
If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH?
So SmartMoney must BUY LOWER and SELL HIGHER :)
We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney.
CHARTS AGENDA:
BITCOIN SIGN - MONEY POCKET - LIQIUDITY
ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS - LIQIUDITY MARKUPS
BLUE LINES - ENTRIES WITH SMARTMONEY
MARKED LINES - PREVIOUS ENTRY POINT
BOX - GAP's
GOD BLESS U ALL!
"EURNZD: down move coming" by ThinkingAntsOk4H Chart Explanation:
- Price is against an important Resistance Zone (was tested 4 times before).
- It is on an Ascending Trendline.
- If price bounces on the Resistance and starts its down move from there, our first target is the confluence of the Ascending Trendline + Middle Support Zone. Our second target is the Support Zone.
Weekly Vision:
Daily Vision:
We are looking for sell setups on lower timeframes. Updates coming soon!
EURNZD -Possible Reversal???EURNZD - We've seen three attempts by bulls to break through resistance. Another attempt by bulls? Watching for signs of a reversal. EURNZD is up 1200 pips YTD, 900 pips since July. Bulls need to muster a convincing break above resistance or seller's are likely to step in. Watching for any signs of life in NZD index... EUR is starting to show possible signs of weakness in other pairs. See EURCAD channel breakdown related idea.
Placing sell limit at resistance, with stop above the highs... Three rejections tells me fourth attempt likely to be rejected as well...
Will update the idea as it progresses.
EURNZD SellAfter completing a 61.8% retracement in confluence with the 1.75 Key Level, EURNZD should begin to make it's way to the downside and create a new low. Stops above the previous swing high were taken out last night.
TP1: 1.7320
TP2: 1.7230
SL: 1.7525
EUR/NZDTimeframe: Daily
Trend: Short term Correction down; Long-Term Overall up
-Look for a possible push down to 1.7230 area (0.618 level) and trend line confluence, price could also move to the 1.7128 area (0.786 level). Price could move to the upside from here, if that fails, further downside may happen.
Weekly Time Frame:
-looks a bit bearish, last week was pretty red and could signal price to move down to the 0.618 or 0.786 level
EUR NZD SELL (EURO - NEW ZEALAND DOLLAR)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
EUR/NZD SELLERS GAINING STRENGTH!Hi traders, you may have noticed our EUR/NZD idea from a few days ago. I am glad to say that we took the trade which is now in significant profit.
The triple bottom / fake breakout pattern showed to hold, pushing the price lower almost 200 pips. The apparent economic slowdown in the Eurozone didn't help either to stop the fall.
Notice the triple bearish divergence in the RSI, which confirmed our bearish bias and highlighted the reversal potential of the fake breakout.
EURNZD - FOREX - 25.09.2019EURNZD Short!
(4H)
After the Bullish Trendline broke, the chart went down and made a Pullback up to Fibo (23.6) @1.7476
Now we can expect the Bearish trend to fall all the way to the TP ( 1.7258 ) - (Or even the next Fibo around 1.7160)
SETUP
Entry @ 1.7476
SL @ 1.7560 (83)
TP @ 1.7258 (218)
RR: 2.6
(Sorry for bad English)
-Rodrigo
EUR/NZD on its way down after fake breakoutThese are the types of patterns that send strong reversal signals for a currency pair.
Here we have the EUR/NZD pair with an exhausted up-move that made a fake breakout above the 1.7600 level.
Today, the price started falling down with large momentum combined with a strong triple bearish RSI divergence.
Today's candlestick is also an engulfing candlestick so far, signaling sellers are jumping into the market quite fast.
Awaiting Short opportunity on EURNZDPAIR IN FOCUS: EURNZD
ACTION: SHORT
This is a counter-trend setup, and will take some time for it to play out.
EURNZD has been in a rising wedge pattern for the past 3-4 months, constantly retesting the upper and lower bounds of the pattern.
Waiting for price to once again reach the UPPER bound and retest it (Entry Zone), and expecting price to rebound from there till the lower bound again (TP Zone).
The Entry Zone, TP Zone and Stop Loss have been indicated on the chart.
EUR NZD SELL (EURO - NEW ZEALAND DOLLAR)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at the current price for sell.
