Eurnzdbuy
Bullish Shark PatternEURNZD BULLISH SHARK PATTERN
Market Buy Order Set Up.
Buy Entry: (1.68314)
Min Take-Profit: (1.68943)
Max Take-Profit: (1.69374)
Stop-Loss: (1.67619)
Max Risk-Reward: (1.53)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EUR/NZD a Potential Move Upward to the 1.7074 Mark 🚀🚀🚀💡 Trade Idea
📈 Buy Limit EUR/NZD @ 1.6952
🎯 Target Profit 1.7074
🛑 Stop Loss 1.6912
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price managed to break out of the bearish channel and posted a “double bottom” around the daily support which indicates a potential reversal. The price now is trading around the neckline, so we expect a lower correction and then most probably a move upwards to the 1.7074 level.
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Further Upside Expected as EURNZD Expects to Breach 1.698 LevelKey details outlined in Signposts. Despite price breached lower, this didn't sustain and crossed back above our support. 1.698 was tested earlier on the 18th and the selloff reaction was weak.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EURNZD Long Trade IdeaHey traders, here is the analysis for the EURNZD. NOTE - Please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
Bullish Butterfly PatternAUDCHF BULLISH BUTTERFLY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.68750)
Take-Profit 1: (1.70360)
Take-Profit 2: (1.71545)
Stop-Loss: (1.68005)
Max Risk-Reward: (3.75)
Smash a Like button and leave a Comment, I appreciate every support. Goodluck.
EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020...
With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020.
I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone.
I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
EURNZD Long almost cooked upWait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than a couple % of my account!
Lets run it...
EURNZD Looking to Break Out of Another Key Level
Major structure change is underway on this pair as price is bottoming out.
Current level is very minor, but significant as price is looking to push higher.
The previous breakout failure indicates that selling pressure remains rather weak.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EurNzd- I'm maintaining my long tradeAfter it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range.
I expect this range to be broken to the upside and a new leg up to follow.
My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high)
This bullish outlook is valid as long as the price stays above 1.7050
EURNZD - break out preconditions:
- local uptrend
- global downtrend
- middle-risk trade
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EurNzd- A higher low could be in placeThe reversal for EurNzd is something that I've been watching and trading and, after 1.7 zone low, a higher low could be in place now in 1.7050 zone.
At the time of writing the pair is trading just in correcting flag's resistance and a break here would expose 1.7350 previous high
1.750 zone could also be a target for swing traders and really is not out of the question after 1.8-1.7 drop
EurNzd has all ingredients for a strong reversalFrom 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon.
1.7 should be very well defended by bulls and my target for EurNzd is 1.75 in the medium term.
In the short term, 1.7050 is now support and a break above 1.7150 could accelerate gains to 1.7280 resistance.
In my opinion, dips should be bought and only a daily close under 1.70 would negate this scenario
EurNzd- New leg up? (potential 250 pips gain)After finding strong support in 1.7 area, EurNzd had a first leg up of around 250 pips, a correction followed and the pair seem to have stopped In 1.71 zone.
I expect a new leg up from this pair and 1.7350 could be bulls target
Trend Reversing On EURNZD
Beginning to see a structural change on this pair. Daily chart will be posted in follow-up.
Daily pin bar formed, which is a good indication price attempted to trade lower and failed to sustain.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
