Eurnzdidea
#EURNZD, Powerful technical modelWe usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it.
2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start)
The 200 moving average line synchronizes with the resistance line at 1.7760.
This is the third time eurnzd has touched the average line and is responding to declines.
Target: 1.7110
Next Retracement is coming... EURNZD short trade opportunityIn the image above you can clearly see a prime example of a double top which indicates a Reversal is coming. This pair is still in a Up Trend so I expect a short retracement down just like you see on the chart happend end June and July. The execution of this trade will take a view weeks I guess so a lot of patience is needed.
EURNZD heavy down fall coming soonBeen Looking at the pair for a while. It got to a price point where traders could think of shorting this pair but i think the dynamic traders bidded the market past that level in order to hunt stops. Now i think its time for them to do what they actually want to do .
EURNZD Sell SetupEUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so.
Happy Trading.
Buy EURNZD Short Term Based on H1 Harmonic Bullish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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Short EURNZD Based on H1 Timeframe Rising Wedge Reversal PatternThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
EURNZD 4H Re-Entry OpportunityFor those of you who missed the initial entry on the EURNZD 4H chart (after the trend line break), will now have a second chance to enter.
We are hovering over a strong flipzone that needs to be broken first with a high momentum bearish candle in order to enter. Do not do mid-candle decisions, wait for a clear break and be patient.