The pair is in a downtrend and there are no signs of reversal as of right now. Therefore, we are looking forward to opening short positions and aiming for the zone indicated on the chart🙌🏻
Going short on EURNZD overall steady downtrend and the market is making my trendline rule 4hr bearish candlestick formation Use risk management guys taking the trade is under your risk as a trader
Price come back to sell zone in compression, and what makes interested is there are many resistance in one lane, therefore fakeout-breakout could be happen. QM level just in the shadow since we had FTR on below level of QML
EURNZD - Intraday - We look to Sell at 1.6595 (stop at 1.6626) Daily signals are bearish. Trend line resistance is located at 1.6600. Preferred trade is to sell into rallies. The primary trend remains bearish. We look for a temporary move higher. Our profit targets will be 1.6508 and 1.6471 Resistance: 1.6560 / 1.6600 / 1.6640 Support: 1.6530 / 1.6500 / 1.5680
Short trade from a resistance level I've been keeping an eye on. Hoping for the market to fall again from this area and make lower lows on the daily chart bringing in big profits if it works out.
Hey traders, here is the analysis for the EURNZD. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks. NOTE - Please do your own analysis before taking the trade.
Price is approaching our 1st resistance, which is in line with our 61.8% Fibonacci retracement, 78.6% Fibonacci extension and horizontal swing high resistance. We could potentially see a reversal at this level, and a further drop towards the 1st support, which is in line with our 78.6% Fibonacci extension and horizontal swing low support. It is worth noting that...
4hr chart is showing a rejection of the 150EMA, we also have a triple top on the hourly with a lower high, lower low that's holding a bearish trendline within the channel. Scaling down to the 15min for the entry, looking for a breakout, then retest to confirm a short entry.
Clear rejection of dynamic resistance, 61.8 fib level, and clear bearish market structure, can anticipate move towards the downside. 1:10RR
Nice looking Rising Wedge with a good impulse and a retest
We believe the EUR will drop down on the NZD to the next support region giving us about 185pips movement. NB: Risk management largely advised.
FX:EURNZD near to short term resistance. Price action suggest a downfall.
Price has been respecting the SP trendline so far and has created a small Bear Flag that can be seen on the 1H chart
This is an educational + analytic content that will teach why and how to enter a trade Make sure you watch the price action closely in each analysis as this is a very important part of our method Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Sell and hold. Possible swing trade. Manage risk and enjoy profits!
Here's a quickie on EN: Entry Level: at 1.66132 NOW! Stop Loss: at 1.66449 Profit Taking: at 1.65337 With this setup, we are risking 32 pips, to be rewarded with 80 pips! Good luck fellow traders! Have a great day ahead!