Eurnzdlong
EURNZD Buy the head and shoulders.EURNZD - Intraday - We look to Buy at 1.6683 (stop at 1.6647)
Daily pivot is at 1.6660.
Dips continue to attract buyers.
We look to buy dips.
This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside.
A bullish reverse Head and Shoulders is forming.
Price action looks to be forming a bottom.
Our profit targets will be 1.6798 and 1.6868
Resistance: 1.6750 / 1.6800 / 1.6860
Support: 1.6700 / 1.6680 / 1.6650
EURNZD - Landing and Taking OffCurrent downtrend 'plane' carrying all the smiling traders that went short in these past few weeks, targeting to land around 1.65500 price range. I've bought the ticket to catch this plane and expecting it to soar and stay above the cloud around 1.72200 price range, hoping that it won't crash downward midway. I'm risking 2:5 for this journey.
I'm new, if you like this analysis, gift me a Like and drop some comments! :)
EURNZD: an upcoming BULLISH impulseHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/NZD
⚪ Technical Analysis :
Since January 2021, the price has been moving in an interesting side trend, bouncing up and down between the resistance area at about 1.69500 and the support area at about 1.68500, many rejections are a clear confirmation of the strength of these zones.
The 27th of January the price temporary broke through the support zone, quickly moving back over the support zone, failing its next attempt to create a lower low.
It is currently re-testing the support level and the next price action will be essential to understand the next market movement.
🔴 Conclusion :
The price seems to be not really strong anymore to push the price down under the level 1.68100 and the last few pinbar candles could be the first sign of an upcoming new impulse.
I'm confident to see the price moving up until its next resistance zone at 1.69700 but I'll be waiting the next few h4 sessions before entry long on this trade.
The level 1.68800 could be a potential entry point.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni
EURNZDEqual lows created on 14 Jan and 21 Jan on the 4hr time frame respectively has been taken out on 27 Jan. Price quickly moved away from its bearishness creating an order block in the 4hr time frame and also taking out the previous swing highs on the 22 Jan. As we can see on the chart, after price took out the previous swing high, it came back to retest our 4hr OB and our 1hr Support.
EURNZD-- Looking for buy SignalDisclaimer:
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. this is no signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!