Price has hit a level of resistance, it is currently tracing to a lower level of support before continuing the up trend.. BUY once price closes above the line on a 4H to the target area
- Probable Bullish Gartley Pattern formation. - 1.7220-1.7190 is a fresh Demand Zone. - If it creates Double bottom on that zone on H4 or if the daily candle gives us reversal price action signal then you can enter as buy. - Tp would be at the 50% retracement of X to A leg.
EUR/NZD is approaching a very strong demand area, from which I would expect the price to make at least pullback, if not even Reverse from its current down turn.
Expecting this pair to head back up before continuing down trend
I expect euro will get stronger next week based on my last analysis on this quote. I expect some real bullish pressure from EURNZD. The Bearish trend was clearly broken to the upside.
Here in EURNZD we have both the buy & sell Moves once it break these levels, as well, if it break the trend from up then BUY SIGNAL will be there & what if it go on falling still, remains in its trend then no matter it will hit its resistance then after that we have some scalping trade. Hope the best & keep patience, sucessful trade will be there. This would...
The multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs. EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years. This is a market definitely to look forward to witnessing it's unfolding. Even sleeping dogs can only lie so long.
Euro starts to get weaker after a strong bull run. If we saw a clear breakout of structure, we would be going in for a beautiful sell trade.
EUR/NZD Update More Than +170 Pips In This Analysis We Should Secure This Trade Now
this is the perfect setup for EUR/NZD Enter With Me
BUY @1.82287 STOP LOSS @1.75975 TAKE PROFIT @1.97910 TRAIL @1.79131
A few days ago, we unveiled the overall bias of this pair as BEARISH. The downward movement began already. Now what we do is wait, and allow price to give us an indication. A continuation to the downside may continue, or a reversal. To open a short position on this pair at a fair value, we wait for a rally to the upside and study price action on the lower...
With a strong close high, let's see if we can take some of that space back up high.
EUR/NZD is approaching an important support area for the third time. There is a very good chance, that this time we are going to see a breakout of this key level. This breakout would offer accurate shorting opportunity.
Current Overview: Monthly: Sell Weekly: Sell Daily: Buy 4Hr: Sell 60Min: Sell Additional uncharted upside target: 1.8416 Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
It looks like there will be a down move in EURNZD if it touches the resistance. On 1 hr chart it formed shark pattern.