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Eurnzdidea

EUR/NZD - SellWeekly: 1. Impulse 2. Brake of previous support When I add fibonacci I see the price is not touch 38.2% yet for correction. Let's see what we have on lower timeframe. Daily: 1. Impulse 2. Correction 3. Engulfing candle from 38.2% Fibonacci level Looks very, very bearish and maybe will not see deeper correction to the monthly resistance. 4H: 1. Impulse 2. Correction 3. 3rd touch of trendline 4. Many engulfing candles Looks nice for short from this level right now.
Short
by Trader_Petrov
EURNZD 4Hr Short! As charted earlier, price Failed at Resistance 1.73619. It is right to not overlook or under-estimate a retest at 1.73619 | 1.76831 zone for Short entries. HOWEVER, recent price action suggests areas where price is likely to Experience Tests and highly likely FAIL so as to seek new Buyers at listed Target zones and finally drive price UP to new upside Targets 1.76823 | 1.81826 zone. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...) Thank you, Happy Trading.
Short
by legacyliked
EURNZD Daily Short! Overview: 1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe. Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones. EUR has Major news no more than 4hrs from now for potential price volatility. Sell Entries should be inside Caption prices for target zones 1.67230 | 1.66136 and potentially down to expected Buy-zone 1.64572 | 1.63422 More conservative traders likely to hold Sells through 1.58043 | 1.53842 zone. Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Comment, Follow, (...)
Short
by legacyliked
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