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Eurnzdlong

EURNZD to Head Down?Hello fellow risk-takers, The pair is EURNZD and buyers looks exhausted to penetrate key resistance levels in bid to form new higher highs (HH). Instead, what we see is the formation of lower highs (LH) indicating loss of bullish momentum AND impending sell-off. This sell-off is needed for bulls to gather new momentum needed to penetrate the price level 1.71240 which price is currently unable at the momentum unless we can have surprise high-impact news. The pair is still bullish but in the meantime this selling opportunity looks too tempting for me to mize. Happy Trading ______ *This information is for entertainment purposes only and shouldn't be construed as investment advice.
Short
by UnknownUnicorn9837669
time to go upTo me this is still a great opportunity to go long. Daily RSI is still above 45 (so are all lower TF). It showed sign of recovery after the mighty drop on Thursday (and early session on Friday). However it may be so weak that the rise cannot even pass 1.689 so buyers be aware of the risk. TP: Final target is just below the high before the mighty drop last week. But more realistic levels are those Fib lines. Will start trailing as early as when it passes 1.689 As risks involves SL: tightly below mini up trend line formed on Friday's 4H chart, you can move it below 1.678 if that's more comfortable. GL.
Long
by mleader1
EURNZD LONG TERM FORCASTCurrently this pair is on a short tern buy an easy 500+ pips on the table as of next week we are looking @ 168630 to scale in, once we hit that we are looking at a short which will produce about 1400+ pips. Then we are looking forward to the long term buy which can take a few years to playout but time is irrelevant to us direction is what matters. We are not big on fundamentals but we believe that the whole structure of the market follows a road map and our job is to find the blueprints of that map.
by TROJAN-FX-ARMY
2