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Euro / New Zealand Dollar

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EURNZD trade ideas

EURNZD 5MinI'm holding a short position on EURNZD, and the main reason of this trade in the 5 minute time frame was that H1 is also very bearish in my opinion and we may go way lower than my 5Min target, so both 5min and H1 showing bearish set-ups then why not. Keep in my mind that I sold two positions because its an ongoing trend in the 5minute and because I missed the first wave I doubled my position ( I guess that's what current traders who are short, are doing right now, which is add to their position)
Short
by deadparkcity
EUR/NZDThe head and shoulders pattern is a popular chart pattern in technical analysis that signals a potential trend reversal. Here's a summary: 1. **Formation:** The head and shoulders pattern typically consists of three peaks. The middle peak is the highest and is called the "head," while the other two peaks on either side are called the "shoulders." The peaks are connected by a trendline, forming a visual pattern resembling a head and two shoulders. 2. **Bearish Pattern:** - **Left Shoulder:** The first peak forms during an uptrend, followed by a temporary decline. - **Head:** The highest peak occurs next, indicating a significant upward movement. - **Right Shoulder:** Another peak forms, similar to the left shoulder, but typically lower than the head. - **Neckline:** A trendline connecting the lows of the troughs between the left shoulder, head, and right shoulder forms the neckline. 3. **Confirmation:** The pattern is confirmed when the price breaks below the neckline after the formation of the right shoulder. This breakout below the neckline suggests a reversal from an uptrend to a downtrend. 4. **Volume:** Volume analysis can help confirm the pattern. Typically, volume tends to decrease as the pattern forms and then increases during the breakout below the neckline, indicating stronger selling pressure. 5. **Price Target:** The distance from the head to the neckline can be measured and then subtracted from the breakout point to estimate a potential price target for the downward move. It's essential to consider other factors such as volume, trend strength, and market conditions when trading based on the head and shoulders pattern. Like any technical analysis tool, it's not foolproof and should be used in conjunction with other indicators for better accuracy.
Long
by B9A-88652-NisarAhmad
EURNZDA "double bottom buy stop" strategy is a trading approach based on technical analysis. It involves identifying a specific chart pattern known as a "double bottom," which consists of two consecutive troughs at approximately the same price level separated by a peak. The strategy entails placing a buy stop order above the peak that separates the two bottoms. This order is triggered if the price surpasses that level, indicating a potential bullish reversal. Traders often use additional tools and indicators to confirm the pattern and manage risk effectively.
Long
by B9A-88652-NisarAhmad
EURNZD Technical Analysis and Trade IdeaThe EURNZD has been in a strong a bullish trend across higher time frames. Our approach revolves around trend continuation, prompting us to seek entry points aligned with our predefined criteria based on price action analysis. In the presented video, we meticulously assess the prevailing trend, market structure, and price behavior, deliberating a prospective buying opportunity. It's important to note that the information shared is intended purely for educational purposes and does not constitute financial advice. Trading entails inherent risks, underscoring the criticality of implementing robust risk management protocols consistently.
Long
by fxtraderanthony