EUR/NZD M30 Bearish Channel: Prepare for Potential Selling Opportunities
The EUR/NZD pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward momentum and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Bearish Channel: As...
EUR/NZD 1H - As you can see I am looking to take this market short, we have had multiple breaks of structure to the downside on multiple timeframes as we as penetrations of Supply Zones.
Once price trade into an area I have marked out above I am looking for a fractal break of structure to the downside, preferably on the 15m & 5M. This will give me early signs of...
Divergence on Rsi Indicator
Divergence on MACD Indicator
Divergence followed by Convergence.
This suggests a typical scenario of;
Pullback
followed by
Further continuation to the down side.
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
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P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
After a rally into 1.7935, the structure in the flow and the set-up has changed, and the sellers are starting to dominate. We’ve seen a daily close through the rising uptrend (drawn from the Jan lows), with a strong rejection of the 200-day MA.
Fundamentally we’ve heard a more hawkish assessment today from the RBNZ chief economist Paul Conway that “non-tradeable...
The possible weakening of the Euro area economy means high chances for ECB to consider lowering rates for the Euro to boost economy, the move which will mean high chances of declining in Euro currency
Hello traders, I want to share my opinion with you.
Seen to test another upward bounce at this level, testing the 1.77600 zone
Thank you for your support!
My dear subscribers,
This is my opinion on the EURNZD next move:
The instrument tests an important psychological level 1.7706
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.7823
My Stop Loss - 1.7647
About Used Indicators:
On...
- Multiple breaks of structure to the downside.
- POI is the last bullish candle before the impulsive move to the downside.
- TP is the previous low that was taken out.
A considerable RR.
No financial advice, just my outlook. Let me know about yours.
Bless.
Happy New Week all,
One of the pair on my watchlist this week us the Euro/Kiwi. From a multiple time frame perspective, on Daily TF we can see an overall bullish continuation pattern, inside thus pattern price has made an impulsive leg, followed by a correction which is more visible on the 4HTF, and 1HTF as a descending channel.
This above signifies that a...
Trading Plan
1. I spotted a resistance level in H4
2 Spotted a rising channel
3. Channel was broken with a strong bearish candle
4. Enter a SELL LIMIT with a trendline retest
5. 1H formed a evening star pattern for another confirmation
6.Priced Hit TP1
7.Trade is still running with SL/BE
TRADE WINS TOOK 1:1R
In the current market scenario for EUR/NZD, the overall market structure suggests a bullish trend, with prices continuing to move upward. Traders may want to focus on potential buying opportunities, particularly when the market surpasses key liquidity supply levels. Identifying and acting upon these levels can be instrumental in formulating successful trading...
In tomorrow's trading session, our focus is on EURNZD as we observe a potential buying opportunity around the 1.76600 zone. EURNZD is currently in an uptrend, and amidst a correction phase, the price is approaching the crucial support and resistance area at 1.76600.
Traders should consider this as a potential entry point for long positions, given the prevailing...
