EURNZD Long (Buy) Trade Setup IdeaEURNZD has been falling since March '20 and we're now approaching a strong buy zone. Depending on price action as we near the zone, we may have an opportunity to buy with great risk:reward.
Eurnzdidea
Bearish Shark PatternEURNZD BEARISH SHARK PATTERN
Market Sell Order Set Up.
Sell Entry: (1.69097)
Min Take-Profit: (1.68451)
Max Take-Profit: (1.67929)
Stop-Loss: (1.69678)
Max Risk-Reward: (2.01)
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Bullish Butterfly PatternEURNZD BULLISH BUTTERFLY PATTERN
Market Buy Order Set Up.
Buy Entry: (1.67912)
Min Take-Profit: (1.68526)
Max Take-Profit: (1.68994)
Stop-Loss: (1.67410)
Max Risk-Reward: (2.16)
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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
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)
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EURNZD, long when it touches the Support!EURNZD, has a very strong trend line and strong key level of Support! Trade when the price action tells!
EUR/NZD PAIR BREAKDOWN👋 Hey there traders, and welcome to a brand new pair breakdown!
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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)
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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- 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- 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
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 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
EurNzd at confluence resistanceThe move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7
Yesterday the pair had a short dive under 1.7 but managed to recover above this important support.
At this point, we are just at confluence resistance and a break here could signal a much-needed correction.
In my opinion, dips around 1.7 should be bought and a long position in this zone could have a 1:3 R:R if we target the last congestion zone at 1.73
