EUR/NZD - Confirmation in the formation of an Ascending ChannelHi guys , the next trade we are going to take a look into is the EUR/NZD - Currently on 1H and 4H the RSI has formulated a great Ascending Channel ,which we want to follow, additionally this week we have a big amount of Fundamental events which would support our thesis and analysis into this uptrend.
Entry: 1.8380
Target: 1.8450
As always my friends happy trading!
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EURNZD trade ideas
EUR/NZD Sell Trade – Targeting 1.83670 - Within 6 hoursPair: EUR/NZD
Direction: Short 🔽
Target: 1.83670 🎯
Time Horizon: By Monday, Jan 20, 05:00 UTC ⏳
The pair has approached a key level and is showing signs of potential rejection. Recent price action indicates a likelihood of a retracement toward the 1.83670 level, in line with observed market behavior.
This trade remains time-sensitive and is expected to develop by Monday at 05:00 UTC. Market factors, including EUR sentiment and NZD performance, could influence the trajectory. Monitoring closely for confirmation of anticipated movement 🔍.
EURNZD (4H) DT ANALYSIS🔹 Symbol: EUR/NZD
🔹 Current Price: 1.83706
Key Observations:
Recent price action suggests a bearish trend as EUR/NZD approaches a critical resistance zone, indicating potential downside momentum.
Indicators such as RSI and MACD on higher timeframes show signals of weakening bullish strength, aligning with a possible trend reversal.
📉 Sell Order at 1.8271
This level is strategically placed below the current support zone, suggesting further bearish continuation if breached.
🚫 Stoploss: 1.8355
Positioned conservatively above the resistance level to manage risk effectively.
💰 Take Profit: 1.8187
Targeting a prior support level, aligning with anticipated bearish momentum for optimal profit.
Recommendations:
Monitor price action closely at the 1.8350 level. Any breakout above this level could invalidate the bearish outlook.
Ensure strict adherence to the stop loss to mitigate potential losses.
If price action accelerates towards 1.8271, prepare for potential volatility as key levels are tested.
EURNZD Will Go Lower! Short!
Please, check our technical outlook for EURNZD.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.839.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.826 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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EURNZD: Potential Bounce from Key Resistance ZoneOANDA:EURNZD is approaching a significant resistance zone, marked by prior price rejections and strong selling pressure in the past. The current market structure indicates the potential for a reversal at this level if sellers regain control.
This resistance zone aligns with a critical supply area where price has shown hesitation before. If the price confirms rejection with bearish patterns such as wicks or bearish engulfing candles, I anticipate a move downward toward the 1.83972 level.
Let me know your thoughts on this analysis or if you have a different perspective!
EURNZD - Potential Short from Resistance ZoneOANDA:EURNZD is currently approaching a significant supply zone near the 1.84500–1.85000 level. Historically, this area has acted as strong resistance, leading to bearish reversals. The recent bullish move into this zone suggests a potential for sellers to regain control and push prices lower.
A bearish confirmation, such as rejection patterns, bearish engulfing candles, or long upper wicks, would support the likelihood of a reversal. If the scenario materializes, the price may head toward the 1.83150 level, where buyers might step in again.
This setup aligns with a potential short-term retracement within the broader market structure. Traders should wait for confirmation of selling pressure before considering short positions.
eurnzd sell signal. Don't forget about stop-loss.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
EUR/NZD SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
We are targeting the 1.827 level area with our short trade on EUR/NZD which is based on the fact that the pair is overbought on the BB band scale and is also approaching a resistance line above thus going us a good entry option.
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SHORT in EURNZDHello fellow traders,
I haven't been able to open any positions for the last two days, but now I'm going short on EUR/NZD with a stop loss at 1.8392 and a take profit at 1.8240.
The pair saw a strong recovery in the Asian session, but I believe this is just a temporary uptick and expect it to drop back down to 1.8240 during the European and New York sessions.
Good luck to us all!
A half percent riskAlot of trades today,
so thats me done for the week. NOTE i would not take this if i was down on the account, but this is a risky trade, after todays success ill let it run for a percent, i think if its stopped out, it will hit the trend line outlined, then reject and transition into a bearish pattern, wont be re entering if this is the case **** that.
Risking half a percent for the craic.
- EMA (50)
- FIB
- Zone
IT JUST LOOKS GOOD
Risk a wee bit tight on this one (R2R)
Will see how it goes
thanks