The pair has now shifted its direction and we could potential see a nice a trade to the up side. Best is to wait for the pullback before getting yourself a nice entry.. We got a big divergence on the bigger timeframe as well. There's 2 possible trades, 1 short term and 1 long term.
EURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone. Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect...
EURNZD 1D LONG with BAT pattern.
After a major drop on EN, we can see price bottoming out. I favor an upside move before potentially continuing further down. However, a break and Daily close above our TP2 could see this pair move further up to the 1.70500 range. For now, I hold onto my corrective bias. @earnwithwern
Use position size calculator DO NOT RISK more than 1% SL: 1.68400 TP: 1.78800
still going down to the support, then potencial reversal. Today was pretty shitty day, lost money for nothing. i dont see anyt good trade today so i am trying to do analysis on other pairs for future.
Potential for a long opportunity on OANDA:EURNZD . Since across the board EURO is turning around to bullish this pair is starting late.
EURNZD Long at point 5 of Wolfe Wave with bullish hammer confirmation, support level & stochastic divergence.https://www.tradingview.com/chart/3oA6jB0w/
this is what i am look for this coming week on this pair. thanks
please like, comment and follow. see previous analysis below thanks
my last analysis of this went quite well. same as before i am still expecting a general downward movement for the pair please like, comment and follow for more :) see previous analysis also
AM GONNA WAIT FOR THE BREAK OUT HERE THE SELL LIKE, COMMENT AND PLEASE FOLLOW FOR MORE
Price broke in the past few weeks a strong resistance, and now it came back for a retest. Made two strong attempts to go down and was throw back up. Broke the downtrend line with a strong engulfing candle. I`m going long when price break the highest price of the last candle.
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!