As previously forecasted, EURNZD respected the horizontal resistance level and began to fall. I expect the pair the continue its bearish move to the support zone.
Today's short trade is for a minimum of 200 pips, with a RR of at least 1:2, better at 1:3 if it goes that way and doesn't consolidate too long.
This pair looks great for a nice selling opportunity. If we got a clear breakout of the key level, we would take a nice short with our members.
Break and retest of down trendline on 1hr timeframe. Price is heading towards a support zone. Entry at 1.80663 and possible Exit at 1.78853.
EURNZD IS VERY INTERESTING PAIR WE EXPECT TO GO SHORT AFTER CHANNEL BREAKOUT AND RETESTED THE TRENDLINE.
The pair has violated the downward channel it was trading in, and reached a massive structural resistance level. The current bet is that it will bounce from the level back to the channel line, which is the new support, as it had done many times before, proving the strength of the level. If not, then we will get stopped by a breakout. Wait for the breakout to...
NOW seems like the bulls have run out of gas. The bears are planning to push the prices lower, in two faces. Down from 1.8135 to 1.8061 where a consolidation will happen. We shall set a trailing stop at breakeven one our first TP level (1.8061) is hit. Then before the close of the markets, we could see the bears hit a home run (expecting one or two large candles)...
EURNZD reached resistance, fading bulls power shown by candles. We should now see some downwards movement.
Hi everyone, All descriptions are available inside the photo Good Luck! :)
Hello traders! EURNZD is currently at the strong resistance area. Price is currently overbought so we can expect a retracement to the support. If you like the idea and find it helpful please press like 👍 and feel free to leave a comment bellow. Thank you
Hi Traders, let's start our Sundays analysis with EUR/NZD on 4H chart. We can see that price is at key resistance that has seen multiple tests in past. This pair saw some bullish momentum last week, however we believe price will bounce off the resistance line because of key resistance and indicators is signalizing to us that price is loosing its momentum and...
Hello ladies and gentlemen. After the weekend, the price of Euro will stop growing when it reaches the level of resistance and falls to the target. Good luck to you. If you liked this idea, please like and subscribe to my profile. This idea does not provide the financial advice.
EURNZD closed above consolidation zone and broke through channel resistance. The pair is currently at a strong horizontal resistance zone and I'm still bearish.
The market structure of EURNZD has been a downtrend. In order to maintain this structure it would need to be equal or less than the previous low (+/- some) We have hit a 4H wall up at the top with a line of indecision and our new 4H candle has been started under this level. Since it is Friday (sweetness!) This would not be that wise to open a very long term order...
Hi traders, As you can see this pair is trading within a channel for a while now which is a good thing. Recently we had nice push up and we are almost close to the upper band which also a strong resistance level. Hence I'm anticipating a trend reversal from that point and placed a sell order based on that and expected to reach short term target. I have marked the...
sell setup in a downtrend channel.