Eurnzdidea
EurNzd- In a good place for a swing buy tradeI think there is no trader who hasn't wondered where the eurnzd decline will stop...
And I think we are at that point
On a weekly chart, we can clearly see a long-tailed Pin Bar in long term horizontal support, followed by a consolidation week and another small Pin Bar, which gives me reasons to think that a bottom is in place and a correction will follow
If we zoom in on H4, we can see the false break of important 1.65 and strong rebound followed by consolidation
At this point, EurNzd is trading at 1.6656 and I expect a break above 1.67 resistance, after this the road is clear to 1.7 important figure
EURNZD short trade ideaPlan : trendline and support level breakout --> 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EurNzd- do we finally have a bottom?Since October, EurNzd dropped almost linearity and lost almost 1500 pips.
The beginning of the year found the pair in 1.66 zone strong support and, in my opinion, this is the bottom for now.
At the time of writing, EurNzd is trading at 1.6743 and dips towards 1.67 can be a good opportunity for building longs.
The target for bulls can be 1.7250 resistance and only a break under support would negate this bullish scenario
EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge.
A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames.
Now the pair is trading at 1.68 which is also the resistance of the wedge.
A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern)
Buying dips can be a good strategy for this pair
EUR/NZD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
EUR/NZD: Swingtrade-Preparation
Market-Sell: 1,67630
Stop-Loss: 1,69000
Point of Risk-reduction: 1,66545
Take-Profit: 1,63180
Stop-Loss: 137 pips
Risk: 0,5% - 1%
Risk-Reward: 3,30
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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EUR/NZD SELL IDEAHey tradomaniacs,
welcome to another free trading-setup.
EUR/NZD: Daytrade-Preparation
Market-Sell: 1,67300
Stop-Loss: 1,67600
Point of Risk-Reduction: 1,67050
Take-Profit: 1,66500
Stop-Loss: 30 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
EurNzd- break of falling wedge for 500 pips profit.Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows.
On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn.
Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance.
Also, a buy trade for this pair would have a great R:R
EURNZD short trade ideaPlan: wait for the price to bounce off from trendline or 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
EURNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**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
EUR/NZD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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