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Eurnzdsell

EURNZD short for 250 pipsHi traders, As you can see this pair is trading within a channel for a while now which is a good thing. Recently we had nice push up and we are almost close to the upper band which also a strong resistance level. Hence I'm anticipating a trend reversal from that point and placed a sell order based on that and expected to reach short term target. I have marked the tp and sl for you as well. Please make sure to lookout for a bearish engulfing candle at least on the 1h chart at the upper resitance level before going short on this. The sl is place just above the previous high. Let me know your thoughts. Trade safe and good luck.
Short
by BannaKhan
6
EURNZD Short - 1.6700 TargetEURNZD has broken some consolidation to the downside as both AUD and NZD pick up strength with great coronavirus handling and exports to Asia are picking up now that those parts of the world are re-opening. Even though Europe and the USA are struggling and consumer demand isn't as high, production countries such as Vietnam, Indonesia, China, Japan etc... will manufacture now while interest rates are cheap, labour is cheap, inputs are cheap and they will grow inventories for the future. So the raw materials that AUD and NZD economies send to these countries will be in high demand. I expect us to drop here!
Short
by Apex_Forex
1
EURNZD Buy Limit AnalysisHey Traders, I was doing my setups for this coming week, and I figured I would share this with you all. I will be placing a buy limit when markets open if this still looks positive. This analysis is based on Price Action, TDI indicator, and Volume. Information: Order type-Buy Limit Entry-1.83764 Take Profit-1.99331 Stop Loss-1.82729 R/R-1:15 On the 4h chart, we see a bullish pennant forming. This is one of my favorite patterns to trade as it allows me to get my stop loss as tight as possible. We also see a support level outlined in the neon purple that price has been respecting. Combined with the bullish pennant, it signals to me a move to the upward is next. Looking at my TDI indicator, I see a clear buy signal as the slow-moving ma is just now crossing over. What makes it a very strong signal is the fact that the crossover occurred below the 50 level, which indicates that a powerful move upward is coming. When a crossover occurs higher, it usually indicates a signal of less strength, according to my backtesting. Looking at my Volume Accumulation Percentage Indicator by Lazybear, I see that the bearish selling power is subsiding and that the bulls are gaining strength. I use this indicator primarily as a confirmation indicator to my TDI, which leads to fewer fakeouts. Use this as a trade idea only and trade off your analysis. Let me know what you think in the comments and leave alike. If you have any questions, ask below, and I will get back to you! C.D.
Long
by cdavis1992
1