Eurnzdlong
EURNZD (Daily) LONG IDEA: Bounce on the MAIN WEEKLY TRENDLINE!POTENZIAL PROFIT: UP TO 350 PIPS
TECHNICAL ANALYSIS:
-Since the end of March, the market had been following a strong downtrend, breaking the ema 50 on the 1st of June, bouncing on a daily support zone at about 1.72062.
-The support zone rejected the price, reversing the trend as a trend correction. (the failed attempt to retest the support level at the end of July, confirmed the new uptrend)
-Since the beginning of September until the end of October, the price has been following a side trend, bouncing many times on an important weekly resistance zone, before collapsing down in a long downtrend.
CONCLUSION:
The price bounced on the weekly trendline support and it's moving also around a daily resistance.
It's actually getting strenght enought to start a new uptrend trying to reach the resistance level.
I'd entry long if the price break the level at 1.74000 and I'll get one more confirmation about the new uptrend.
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EURNZD Long almost cooked upWait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success
Looks clean, initial TP will be at the previous swing highs as indicated
Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high
Stops just below a key SR level, not risking more than a couple % of my account!
Lets run it...
UPDATED: BUY FOR EURNZD USING ELLIOTT WAVESTHIS IS THE UPDATED VERSION OF MY PREVIOUS ANALYSIS. WAVE 2 IS STILL IN PROGRESS( AN IRREGULAR FLAT CORRECTION). HOWEVER WAVE 2 CANNOT OVER 100% OF WAVE 1 WITH PRICE CURRENTLY AROUND THE 78%. EXIT THE BUY TRADE IF WAVE 2 RETRACES 100% OF WAVE 1. TECHNICAL TAKE PROFIT IS THE PERPENDICULAR DISTANCE BETWEEN THE WAVE E AND THE UPPER TREND LINE OF THE TRIANGLE ADDED TO THE BREAKOUT. FINGERS CROSSED
EUR/NZD BUY IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Notice: All trades are risky due to thin volume -> Sudden volatility can always appear.
Market-Buy: 1,72150
Stop-Loss: 1,71700
Point Of Risk-Reduction: 1,72550
Take-Profit: 1,73000
Stop-Loss: 45 pips
Risk: 0,5% - 1%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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EURNZD Looking to Break Out of Another Key Level
Major structure change is underway on this pair as price is bottoming out.
Current level is very minor, but significant as price is looking to push higher.
The previous breakout failure indicates that selling pressure remains rather weak.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EurNzd- I'm maintaining my long tradeAfter it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range.
I expect this range to be broken to the upside and a new leg up to follow.
My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high)
This bullish outlook is valid as long as the price stays above 1.7050
EURNZD - break out preconditions:
- local uptrend
- global downtrend
- middle-risk trade
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Potential BULLISH Opportunity for EURNZD...Will be looking at H1 chart for EURNZD. As we can see EURNZD, price level managed to retest the support level at 1.7147 price level after price move above this level. As we can see, this level a strong support level for EURNZD. I will b expecting a movement towards the resistance zone as identified in my chart (Red area). There will be a resistance level @1.7350. If price managed to break this level I will see the BULLISH movement moving to 1.7600 (168% fib level) As of now, I will trade this BULLISH movement to the resistance level.
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EurNzd- A higher low could be in placeThe reversal for EurNzd is something that I've been watching and trading and, after 1.7 zone low, a higher low could be in place now in 1.7050 zone.
At the time of writing the pair is trading just in correcting flag's resistance and a break here would expose 1.7350 previous high
1.750 zone could also be a target for swing traders and really is not out of the question after 1.8-1.7 drop