Eurnzdtrade
BREAKING: #EURNZD to challenge 11 year highsThe multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs.
EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years.
This is a market definitely to look forward to witnessing it's unfolding.
Even sleeping dogs can only lie so long.
EURNZD: Range Opportunity Pending Long Bias at Test of Buy-Zone
Current Overview:
Monthly: Sell
Weekly: Sell
Daily: Buy
4Hr: Sell
60Min: Sell
Additional uncharted upside target: 1.8416
Note: Idea is to complement your research.
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EURNZD Ending the Month With a Bullish MoveProjection for $EURNZD next week..
Why Bullish?
- Consolidated at 4H
- Small Green and Red Candles
Gathering strength and orders, we just need a big RED Candle from BELOW.
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#EURNZD, Powerful technical modelWe usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it.
2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start)
The 200 moving average line synchronizes with the resistance line at 1.7760.
This is the third time eurnzd has touched the average line and is responding to declines.
Target: 1.7110
Breakout and retestAfter trading in the triangle for some time the market finally broke out and created newer highs:
1. Breakout
2. Retest resistance as support
4. Pin bar signal
5. Fibonacci zone hit with the pin bar reinforcing the signal (confluence)
This type of setup requires the stop to be a few pips below the pin bar candle and the target should be at least 2x that of the risk value.
Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only.
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EURNZD BuyAfter a 471 pip move to the downside, EN is set for a nice correction. The daily MACD shows the sell losing strength. The 4hr buy is losing strength as well. However, the 1hr just crossed for a buy and once it retests, we will enter. Both the 15min and the 1hr EMA's were broken but waiting on retest b4 entering.