Get started

Eurnzdanalysis

EURNZD - Buy setup almost readyEURNZD is aprroaching the bottom of a HTF flat channel structure in impulsive approach. It even breaking the bottom of the channel a bit. After that it rebound impulsively back into the channel. Usually It’s signaling for a fake move and the break is only to catch people on the wrongside of the market.. I’m anticipating for a move back top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure. Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target back to the top of the structure up to 1.82700 Lets see how will this pair play out. Good Luck
Long
by moa_trading_journal
EURNZD short trade ideaPlan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
EURNZD | PERSPECTIVE FOR THE NEW WEEKAs price continues to respect bearish Trendline, Price hits key level @ 1.73500 area once again with tendencies of repeating the Bearish run that started on the 10th of Nov. 2020. This level which is also within 61.8% retracement of the last impulse leg gives more substance to my bearish bias with a projection of 127.2% extension. Tendency: Downtrend ( Bearish ) Structure: Double Top | Support & Resistance | Trendline | AB = CD Observation: i. As price continues to respect the major Trendline since Oct. 2020; we are at a juncture where it appears price might find it difficult to break 1.73500 which shall be my yardstick to follow or go against my bearish bias. ii. Target is pegged at 127.2% extension of previous Impulse leg. Trading plan: SELL confirmation with a minimum potential profit of 400 pips. Risk/Reward: 1:5 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry