impulse --> correction --> impulsehere is another textbook setup, price already broke out of the wedge, it's now correcting to fill the fair value gap, that's where we'll be pulling the trigger to long this pair.
EURNZD trade ideas
EUR/NZD's Bullish Signal: Targeting 1.84 with Strong Risk-RewardAfter hitting a local low near the 1.75 zone earlier this month, OANDA:EURNZD reversed to the upside, beginning its first leg of recovery and surpassing the key 1.80 level.
Over the past two weeks, the pair has been in a phase of correction and consolidation, hovering just below this important resistance.
However, yesterday’s strong bullish move may signal the end of this consolidation phase.
Looking ahead, I anticipate a new leg up, with the potential for the price to retest the 1.84 resistance level.
For traders, positioning with a stop-loss placed just below the recent low offers a compelling 1:4 risk-to-reward ratio.
EURNZD: Time to BuyIt is expected that EURNZD will continue to rise.
Following a correction to a significant horizontal support level, the price rebounded and broke through a resistance line in a bullish flag pattern.
The release of fundamental events yesterday further bolstered the pair. The price is likely to reach the 1.806 level in the near future.
EURNZD FORECASTEURNZD Is the pair that I had In the list for a long time just looking how structure develops, to me this pair still has the potential to drop but I just look for the confirmation of the price action before I make decision to enter the trade. Confirmation is key guys, and waiting for confirmation is the something that you need to develop as a trader. Don't jump to the trades early by being trapped by moving impulsive candles which at the end of the day ends to close as the candle wick.
EURNZD BULLSPrice still in a uptrend and we still waiting for a new Daily high. Before the breakout, H&S pattern was created so we just have to wait for price to retrace to the 50% or 61.8% Fib level. Once price reaches the Fib levels, wait for a reversal candlestick on the M5/M15 timeframe for buy entries.
EURNZD DROPING EURNZD is in a long-term downtrend, characterized by lower highs and lows, breaking key support levels, and trading below major moving averages, driven by Eurozone economic concerns and NZD strength.
Channel formation on EURNZDEURNZD is forming a good channel on 3 hr chart . Expecting a breakout on the upside soon.
EURNZD - Short from bearish OB !!Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled + rejection from OB.
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EURNZDBullish flag formation
waiting for breakout
projections aligns with weekly resistance level
buy entry with buystop order
EURNZD strong bearish expectations
EURNZD BEARISH FLAG pattern visible, we are have break first time on 17.Oct but its not be confirmed, from today expecting confirmation is visible and higher bearish continuation.
We are have and ECB last week on Thursday, which is not make some big bullish changes on EUR, taking ECB like bearish imact on EUR
SUPP zone: 1.79650
RESS zone: 1.77800, 1.77200, 1.76600
EURNZD BULLSPrice closed above the 40EMA which signals ChoCh in the higher timeframe. Daily chart, low broke previous high. 4 hour chart, price currently retracing tothe demand zone for upward strength. There is 2 buy entries on the M15:
Price might reject on the 50% Fib level and buy
Price might retrace to the demand POI and buy
Wait for a reversal candlestick on either the POI or 50% Fib level for entries.
EURNZDIn these analysis i see an uptrend move which I believe in my analysis that it will go to my direction which I suggested.
always apply risk management and trade with less emotion
EUR/NZD Long FROM SupportHello Traders
In This Chart EURNZD 4 HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURNZD possible bearish setup-Price left an UNMITIGATED SUPPLY ZONE after breaking structure to the downside and violating our demand zone (4H).
-We also have trendline liquidity below our zone waiting to be swept
EURNZD LONGStructural bias at the moment is to the upside from my point of view, and currently an inverse H & S pattern is partly formed.. Although i missed the initial entry opportunity as price retested the AOI previously. But i believe price will try to take part in another retest of that same AOI probably when price experience a rejection from the resistance line. Either way finger crossed..
For my choice of take profit level, its a very strong idea i have no doubt price will smash it, and after that ill see how price reacts and will decide if take profit 2 level which is the next resistance area will be hunted.
EURNZD - BULLISH MOMENTUM FORMING...Price has formed a bullish flag, indicating an upwards movement likely to happen in the future.
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EURNZDEURNZD is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the 50% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
EURNZD 20/10/2024Weekly:
-Weekly highs.
-Bearish W pattern.
Daily:
-Bearish W pattern.
-H&S pattern.
4H:
-Bearish W pattern.
-H&S pattern.
-IC.
flag pattern setupi'm seeing a flag pattern, I'm eating for price action to go tap the demand zone at the bottom, when I get buy setup confirmation, I pull the trigger!!!
eurnzd buy signalIn this analysis, eurnzd is suitable for buying after crossing a downward channel and entering the downward channel and passing through a strong resistance and after pullback according to our analysis and with a risk of 1 to 8 reward.
EUR_NZD WILL GROW|LONG|
✅After the retest of the of horizontal support of 1.7850
It makes sense to expect a bullish correction
As EUR_NZD is oversold and the market players
Will be taking profit from the level
Fueling a buying wave
LONG🚀
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