NZDEUR trade ideas
Bullish bounce off overlap support?EUR/NZD is falling towards the pivot and could bounce to the pullback resistance.
Pivot: 1.79861
1st Support: 1.79243
1st Resistance: 1.82090
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EURNZD - Look for a long !!Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I have 2 points of interest, first one if price fills the imbalance and rejects from bullish OB at level 1.81000. The second one is imbalance lower + level 1.80000.
Fundamental news: Tomorrow (GMT+2) we will see results of Interest Rate on EUR, news with high impact on currency
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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
EURNZD Trade Win Confirmations:
- Price broke respectable down trending 4H line
- Fib Zone entry
- Oversold via Stoch RSI on 4H- 1H TFs
- 1:3 RR (due to spread, made 2.6R)
Notes:
- Trade lasted roughly 26 hours
- Less than 5 pips in drawdown
- TP hit (pulled out 4 pips early) but I overthought a reversal to BE which would’ve still won 1R
EURNZD TRADE UPDATE The EUR/NZD price experienced significant movement overnight; however, the analysis remains unchanged. Currently, the 30-minute chart indicates a bearish trend. We need the price to fill the gap in the market and observe a sign of strength (SOS) at the daily area of interest to identify a potentially great trade. This is a time to be patient and wait for confirmation before taking any action.
Lingrid | EURNZD short after FAKE BreakoutThe price perfectly fulfilled my last idea. It hit the target level. FX:EURNZD experienced a sharp decline from the resistance zone at 1.81500 and subsequently pulled back to retest this level. The price made a significant move from this area, and I believe it may decline again, as it is currently testing last week's high. I expect the market could form a false breakout and then making downward move toward the channel border . My goal is support zone around 1.80400
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻