Eurnzdforecast
#EURNZD Both Possibilities BUY & SELL Here in EURNZD we have both the buy & sell Moves once it break these levels, as well, if it break the trend from up then BUY SIGNAL will be there & what if it go on falling still, remains in its trend then no matter it will hit its resistance then after that we have some scalping trade.
Hope the best & keep patience, sucessful trade will be there.
This would hopefully gave you a certain point where to enter for the hope of profit.
EURNZD Potential Rejection Giving Us BULLISH Opportunity!!! As we can see price level for EURNZD now is currently at a double support level :trend support level and support level @1.7412. This gives us a bullish potential which I believe we will see a rejection off this level. Looking at bollinger band, I can see it potentially breaking the middle band heading for the upper band where we a double resistance is at (trend resistance and resistance level @1.7785. As of now, I will be looking at a bullish opportunity taking into consideration a strong resistance level at around 1.7785 price level.
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EURNZD SHORTReversal at the downward trendline on the 4H and the pair has formed a symmetrical triangle.
I expect the price to trade within this triangle and then hitting the first take profit before proceeding to take profit two to potentially form a double bottom.
Risk-Reward Ratio: 1:4.52
SL: 1.75785 ( -69.4 pip risk)
TP1: 1.73662
TP2: 1.71955
BREAKING: #EURNZD to challenge 11 year highsThe multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs.
EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years.
This is a market definitely to look forward to witnessing it's unfolding.
Even sleeping dogs can only lie so long.
EURNZD H4 LONG PRICE ACTION FORECAST Price action trading with a downtrend channel, current bearishness supported by diminished MACD.
However, in the real of D1 price, although trading downward in a more prominent channel, it has just tested the support line from the channel heading towards the resistance line. It is allowing capturing that upward momentum.
As price is expected to reach close to the Fib level 61.8, a long entry is placed a few pips above the level.
The order:
Type: buy-limit
S/L: 63 pips - R:R | 1:4 -
T/P: aiming at the previous high from the channel.