bulls seem to have exhausted the upward momentum on this pair. i have placed some sell order/ sell stop on the 1st line break. please trade carefully. Please share your thoughts and views on my analysis and don't forget to like it and share with others.
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 1D LONG with BAT pattern.
Use position size calculator DO NOT RISK more than 1% SL: 1.68400 TP: 1.78800
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.
Potential for a long opportunity on OANDA:EURNZD . Since across the board EURO is turning around to bullish this pair is starting late.
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
Midterm forecast: 1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend. Technical analysis: The RSI bounced from the resistance #1 at 80 and it prevented price from more gains. The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased. Price is below WEMA21, if price rises more, this line can...
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!
EURNZD potential 50-100 pips short trade. EURNZD long term bullish but it's a nice retracement trade to fib levels. Great RR ration. Enjoy pips.. Please hit "LIKE" to support. Vinny
EUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so. Happy Trading.