Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is no signal. it's my opinion. trade your own risk. and Must Follow Money...
WE WILL BE LOOKING FOR BUYING OPPORTUNITY ,
MKT may test its support TL before long term reversal.
Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020... With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last...
Wait for the retest of the bright blue-green declining trendline on the 1HR chart and enter on success Looks clean, initial TP will be at the previous swing highs as indicated Depending on momentum at this point may leave in 30% to try to run higher as the shape height suggests the TP should be nice and high Stops just below a key SR level, not risking more than...
Major structure change is underway on this pair as price is bottoming out. Current level is very minor, but significant as price is looking to push higher. The previous breakout failure indicates that selling pressure remains rather weak. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit...
After it has found a bottom in 1.7 zone and a first leg up to 1.735, EurNzd made a higher low at around 1.7050 and for 10 days now is trading in a range. I expect this range to be broken to the upside and a new leg up to follow. My target for this trade is 1.7500 with interim resistance at 1.7350 (previous high) This bullish outlook is valid as long as the price...
preconditions: - local uptrend - global downtrend - middle-risk trade Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU. P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade
The reversal for EurNzd is something that I've been watching and trading and, after 1.7 zone low, a higher low could be in place now in 1.7050 zone. At the time of writing the pair is trading just in correcting flag's resistance and a break here would expose 1.7350 previous high 1.750 zone could also be a target for swing traders and really is not out of the...
From 20 Oct 1.8 high, EurNzd dropped almost linearly 1000 pips. The pair found strong support at 1.7 zone and after a few days of consolidation broke the descending trend line and the first leg of correction come that let the price to 1.7300 zone. Now the pair is correcting this first leg up and a new one could start soon. 1.7 should be very well defended by bulls...
Harmonic pattern Correction of XA leg Above weekly trendline After confirmation => BUY
After finding strong support in 1.7 area, EurNzd had a first leg up of around 250 pips, a correction followed and the pair seem to have stopped In 1.71 zone. I expect a new leg up from this pair and 1.7350 could be bulls target
The move from the past 4 weeks on EurNzd was fabulous with the pair sinking 1000 pips from 1.8 to 1.7 Yesterday the pair had a short dive under 1.7 but managed to recover above this important support. At this point, we are just at confluence resistance and a break here could signal a much-needed correction. In my opinion, dips around 1.7 should be bought and a...
As we can see nzd bas become very strong so now i can expect it will fall as #EURNZD IS ON RESISTANCE so i am expecting a rise becaise this resistance is now support If you like my idea than follow my channel