EURNZD, A CAUTION SHORT.For EURNZD we are predicting a huge drop, however, we can still move 100 pips to the upside before it happens, the best way to enter here is to be super carefull and wait for an impulsive candle breaking our trendline + one more candle to confirm the downside movement, its better to sacrifice 20/30 pips instead of entering before the time and end up getting an SL.
Best of lucks,
GlobalYouthTrading
Eurnzdsell
Try to Sell EURNZD pair. Short SL, good TP Hi! Very afraid of this order but interesting trying to sell it.
Price sell order on EURNZD - 1.6690
SL - 1.6722 (32pips)
TP - 1.6428 (262pips)
RRR - 1:8.35
Please use small volume. I only try this order. Big chance to get SL.
P.S. I still think that NZDUSD going up (attached idea) so it makes EURNZD going down.
EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone.
Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
THE EURO AND KIWI TRIANGLE BREAKOUT!EURNZD has been travelling in a triangle to the downside. We entered into a long position after we saw some confirmations of trend reversal on lower time frames ,our target for the long position (RETEST) is the 0.618 of the large previous downwards impulse move. This is where we have short positions locked and loaded.
we hope you enjoy some profits from this trade opportunity... Our first target is the previous support area where the sl is of the current long trade and ur second target is the -1.27 extension of the whole impulse move, marked above on the chart.
The #EURNZD continues its trendOur recommendation for this currency is a sell recommendation! Here are the reasons:
1. The trend is a distinct downward trend. We see this in the graph above that each round of increases is smaller than the previous one.
2. The eurnzd candles are below the cloud, the blue line is above the red line, we have a bearish cloud, all of which are from Ichimoku indicator that indicates a sales signal.
3. We are below the important Moving averages (100,200).
At 1.6350 there is technical support and probably the eurnzd is going to go.
Sell EURNZD:
Entry Price:1.6530
Take Profit: 1.6350
Stop Loss:1.6620
EURNZD Third Wave Will Occur SoonEURNZD has completed the first wave and has made a retracement to 0.68, after this the third wave will occur and will go as shown in the following arrow.
note that stop loss at level 0.00 or -0.23 fibonaci retracment, be wiser in trading and use good money mangement.