EURNZD W4 NOV 2020EURNZD
Long Setup
EURNZD W4 NOV 2020
A simple breakout scenario here with multiple interesting targets in play. Invalidation level can be placed below the demand zone.
Eurnzdlong
EURNZD EURNZD as we showed in our analysis from November 23, eurnzd will continue its upward trend first to the area 1.74800 then to the area 1.77000. because it rejected the trendline formed several weeks ago.
EURNZD Price in Demand Zoneprice in demand zone looks really good it can be a good swing trade
Long : 1.71
Stop : 1.695
Target : 1.73 , 1.75 , 1.78
EURNZD LONGWe broke the downtrend to the upside and head to a supply zone.. price retraced testing the previous high, touched the 50 SMA on the 1h chart and the 200 EMA on 15 min. We see that we are in a range at the moment. We should enter the trade after this area will be broken to the upside at around 1.71867, SL-1.71086(under the low of the range), TP1-1.72050, TP2-1.72570, TP3-1.73320
BUY LIMIT ORDER ON EURNZDHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Forex Forecasts: Another opportunity to buy back EURNZDAfter a long downward , the 4-hour uptrend was able to stop this downward movement and the pair formed a similar triangle that was able to break it, as the pair formed a strong demand area, which is a good opportunity to buy back the pair from the 1.7092 area with the targets shown on the chart.
EURNZD, 4hr tf, buy descending channel breakoutHello my friends,
My first trade for December is coming to you all.
I am going to take a buy positions on EURNZD pairs.
As you can see price, recently broken above the descending channel after moving inside it for 2.5 weeks inside it.
We could expect price to rotate higher as there is also weekly trendline at this 1.7000 area.
This 1.7000 could be an area of confluences support because so many support level right now at this point.
Notice also the recent candle looks like a marubozu candle which indicates buyers strength.
With this candle appearing on support, i could say buyers are trying to show it is now in control.
Buy EURNZD 1.7010
Stop loss 1.6960
Take profit 1.7180 (3.4R)
RR ratio 1 : 3.4
Use only 1-2% risk
Good luck
EURNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
EurNzd at confluence resistanceThe move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7
Yesterday the pair had a short dive under 1.7 but managed to recover above this important support.
At this point, we are just at confluence resistance and a break here could signal a much-needed correction.
In my opinion, dips around 1.7 should be bought and a long position in this zone could have a 1:3 R:R if we target the last congestion zone at 1.73
EURNZD BUY Trade Idea. Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
EURNZD long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
