3% SHORT EURNZD ENTRY: 1.70250 STOPLOSS: 1.70505 TP: 1.70020
We took a short on this forex pair (EURNZD) with the idea that price action could continue the bearish momentum as it has over the last few trading sessions. RSI is up, Price rejected the 38.2% plenty of time. The middle of the DC is around the resistance too which would indicate that the trend "should" remain bearish. Good luck!
Price is facing bearish pressure from our first resistance in line with our descending trend line, horizontal swing high resistance, 50% Fibonacci retracement, and 78.6% Fibonacci extension where a break below our downside confirmation level would see a further drop to our first support. Trading CFDs on margin carries high risk. Losses can exceed the initial...
SHORT EURNZD ENTRY: 1.71313 STOPLOSS: 1.71839 TP: 1.70779
Quick mark up on a nice setup although somewhat risky. 34 pip Lot size 8.07 Profit $1738.14, 0.18%
Hey tradomaniacs, welcome to a new free trading-setup. EUR/NZD: Daytrade-Preparation Market-Sell: 1,71625 Stop-Loss: 1,72030 Target 1: 1,71235 Target 2: 1,71000 Target 3: 1,70460 Stop-Loss: 40 pips Risk: 0,5% Risk-Reward: 2,86 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t...
Great Correlation between GBPNZD and EURNZD!! Price is expected to smash down once IT SUCCESSFULLY managed to break the IMPORTANT TRENDLINE and stay in the mini downwards trendline
Plan: wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL **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. Traders!! if...
Whilst the majority are seeing EURNZD buys because of the inverse head and shoulders pattern that has formed, I still see sells. I will be targeting the previous lows as I think liquidity and orders could reside there. Ideally I want to sell and the go long after the stop loss hunting.
Now that is pair has performed a stop loss hunt at the supportive level, I would expect it to want to push up aggressively from here.
The counter was in a strong downtrend and it broke long-term support at 1.71435. Unable to sustain the breakdown, it has recovered with a V-shape rally. We expect a short-covering rally in the counter.
Long investment deal The time period is eight months
Could be a fake out or price is going to fall to the next level
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.
Welcome Back. Please support this idea with LIKE if you find it useful. *** In the event that it continues to rise, this is considered a break of the marathon, so this break will be positive and it will move towards the upside to the resistance indicated on the chart. *** Here is the full analysis for this pair, let me know in the comment section below if you...