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Eurnzdlong

EurNzd- are "we" breaking up?Although the trend is grossly down for EurNzd, from the beginning of the year, the drop in the pair was marginal, forming a falling wedge. A bottom seems to be in place at this point at 1.6650 zone and is marked by a double bottom on shorter time frames. Now the pair is trading at 1.68 which is also the resistance of the wedge. A break here would expose 1.7 zone and 1.73 furthermore (the target for the pattern) Buying dips can be a good strategy for this pair
Long
by Mihai_Iacob
9
EurNzd- break of falling wedge for 500 pips profit.Since the beginning of the year, EurNzd is trading in a falling wedge, with the price making marginal lows. On shorter term time frames, the pair made a small double bottom which can give us the idea of a turn. Now EurNzd is facing confluence resistance of horizontal 1.68 level and the resistance of the wedge and a break here would confirm the reversal and gives scope to 1.73 resistance. Also, a buy trade for this pair would have a great R:R
Long
by Mihai_Iacob
15
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
Long
by Signal_Centre1
1