EURNZD long trade ideacongrats for those of you who followed EURNZD trade idea on my previous analysis (link attached below!), the price has perfectly reached the final target and now we are seeing price developing a higher trough and higher peak formation that indicates price start to initiate its bullish trend.
Plan: wait for the price retracement --> BUY (please do your own research!, I want you to be an independent trader)
**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
Eurnzdidea
EURNZD short trade ideaPlan: wait for the price to decelerate or 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 long trade ideaPlan: wait for the price to bounce off from trendline or 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
THE RISE OF EURNZDGood Afternoon Traders,
I hope this week was favourable to you all and you made money this week? If you didn't do not worry because next week will be favourable to you especially with this current pair (EURNZD) i'm looking forward to trading.
In this Market, we can see its forming a market pattern known as "RECTANGLE" in which buyers and sellers are both stuck in consolidation, and this formed in the 4 Hour Time Frame, however it bounced off the SUPPORT ZONE, and heading towards the RESISTANCE ZONE.
HOW TO TRADE
Instead of Buying now, i suggest you go to the 30 minutes time frame to find setups or opportunity to buy to the resistance for about 100+ pips, and based on this analysis, my buying opportunity will be above the MIDDLE ZONE and this might take days before TAKE PROFIT is reached.
If this makes sense or matches your analysis, please give it a LIKE :)
EURNZD short trade ideaPlan : trendline + 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, 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.