Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
**EURNZD hrly short** shortstop @ 1.70609 TP #1 @ 1.70130 74.36% wr TP #2 @ 1.69633 56.41% wr SL @ swing high 1.71658 17.95% hr
If the price goes back down, BUY at 1.67500 and take profit at 1.74000
With it being on Monday on London session. I believe EURNZD will buy.
According to market structure , a bearish movement is there and steep flag breakout providing a good confirmation of strong sell with a good bearish candle 🙌
BUY EUR/NZD ,BUY area N1 : (Blue) TP1 + TP2 : (green) , SL : ( RED )
CURRENCY PAIR: EURO/KIWI FORECAST: PRICE TO MOVE TO AS LOW AS 1.7850 CURRENT PRICE: 1.8000 SL: 1.8054
BUYING EUR/NZD Entry: 1.6905 (CMP) Target 1: 1.6958(53+ pips) Target 2: 1.7025(120+ pips) Target 3: 1.7098(193+ pips) SL: 1.6838 (67- pips) Use sensible lot size.
Keep an eye out for EURNZD. It has dropped under the 1H 50 EMA. As long as the 50 EMA holds as resistance, we have a go for a move back down. Put your SL above the 1H 50 EMA with a little bit of space to it in case of volatility. Trade safe.
A potential big drop is currently imminent on EUR/NZD. *Important: To enter this move, wait for the breakout of 1.77 and the resistence under it. If it does not break this level, then this trade is invalid. Once broken and the resistence found underneath it, it can go anywere near 1.74 Trade safe.
EURNZD have rallied quite sharply from past few weeks, i am expecting it to retest the highs around 1.7470 area. Since momentum is still intact with the price action so i would recommend to play long. Have a great weekend!
Daily + H4 Double top - H4 RSI double top in the oversold zone
EURNZD broke below the multi-days bullish channel, all short term momentum indicators are suggesting more to downside-so I am looking to short it around 1.6534-63 for a target to 1.6333, stop above 1.6629