EURNZD DAILY CHART PROJECTIONDon't MISS!
After collecting our data from the weekly timeframe, price initially was in a downtrending market and we had a success break of structure so we expected that the market will change it's direction from downtrend to uptrend of which it did.
The current trend to the upside which is visible on the DAILY timeframe, we can regard that as our Impulsive trend/move. Within this move, price is making a valid uptrend creating HIGHS and LOWS . The impulsive trend is currently moving rapidly which broke the resistance level (Check the arrow).
Our anticipated overall price target is @1.82000 level
As we all know, price is not just going to fly there, it's going to create a trend to get to the final target. So we're expecting price to make a new low to @1.73500 to @1.72000 level then we will look for a bullish confirmation.
TRADES OPPORTUNITY
I am currently watching this market closely and we will look at the smaller timeframe so we have a confirmation for a short sell. Join my channel to not miss this opportunity
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Eurnzd!!
EURNZD 1.769640 +0.94% DAILY BRAKDOWN FOR THE WEEKHELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE EURO/ NZD IN THE COMING WEEK.
EUR/NZD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE UPSIDE SIGNALLING.
* We have break of structure to the upside.
* Weekly OB to be mitigated.
* Looking for some correction towards the downside for my bias to be bearish towards the FVG Before continuation.
- The pair could just continue bullish this week.
- For the trade to be active i need a Tap into the bullish OB
* If we break below and close under the OB trade is invalidated just as if we continue on a bullish rally
- TARGET would be the WEEKLY OB.
lets see how it goes.
IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE
SMASH THAT LIKE BUTTON & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
We are going short on the EUR/NZD with the target of 1.748 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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EURNZD: Bullish Continuation is Highly Probable! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the EURNZD pair which is likely to be pushed up by the bulls so we will buy!
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EURNZD to see a higher correction?EURNZD - 24h expiry - We look to Sell a break of 1.7598 (stop at 1.7648)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 1.7606 should result in a further move lower.
Bearish divergence is expected to cap gains.
Our profit targets will be 1.7478 and 1.7458
Resistance: 1.7656 / 1.7670 / 1.7700
Support: 1.7606 / 1.7570 / 1.7500
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EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD
Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to the OVERALL MARKET RISK ON, COMMODITIES are going up a bit, so NZD is going UP.. Due to this, EURNZD is going down a bit.
EURNZD can go up to the resistance area before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.7719 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6787 LEVEL. So stay tuned for MARKET UPDATES
EURNZD IS ON RESISTANCE WITH RISING WEDGE PATTERN For more updates, please follow my TradingView page, and if you find the content useful, kindly hit the "thumbs up" button to show your support. If you have any queries regarding trading, please feel free to send me a direct message on TradingView. Additionally, please share this content with your friends who may find it beneficial.
Please note that any trading updates provided here are for educational purposes only, and it is always advisable to conduct your own research before making any investment decisions. It is important to ensure that all conditions are met before following any trade plan suggested in this update.
EUR/NZD BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
EUR/NZD pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.733 area.
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