I have taken a short position on EURNZD today. This decision is based on the confluence of several factors:
Supply zone: The price of the pair has reached a supply zone, indicating increased selling pressure and a likelihood of price decline.
Technical analysis: Technical analysis confirms the presence of the supply zone and suggests a potential depreciation of...
. Don't forget about stop-loss.
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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
Hello Traders
In This Chart EURNZD HOURLY Forex Forecast By FOREX PLANET
today EURNZD analysis 👆
🟢This Chart includes_ (EURNZD market update)
🟢What is The Next Opportunity on EURNZD Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
Three drives of price at support and failure to break below. This shows that the buyer volume at this level is very strong; Expecting the pair to rally and take out the key 1.75000 key level.
Hi Guys
The Eur NZD is heading into an area of strong support which was used recently for a nice move up. The area has been tested multiple times as both support and resistance previously.
If price reaches the same support area we will likely see at least a bounce if not the same sort of move it made previously.
There is a crab harmonic pattern with good fib...
price made a series of LH and LL resulting in a downtrend. Price recently broke out of the downtrend and made a choch and retested the OB on the 15m tf. using the taps of the trendline we can see there is liquidity over top. we can waot for a choch on 1m tf to enter.
As the price's direction and movement is within the local declining channel. Possibilities of going down is higher, for me in case of breaking the minor support line successfully.
All the ideas are shown on the graph
Good Luck for All 🙌🏽❤
#eur #nzd #eurnzd #forex
EURNZD
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long EURNZD
Entry Point - 1.7505
Stop Loss - 1.7475
Take Profit - 1.7600
Our Risk - 1%
Start protection of your profits from lower levels
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Bullish indications:
Major support respected.
Double bottom formation.
Bullish engulfer candle in 4 hr time frame.
Fib level 0.786 respected from the bottom previous rally.
Minor trend line resistance broken.
Bearish indications:
LLLH .
Trade plan bias long @ 1.75485
SL:1.75150
TP1:1.75766
TP2:1.75968
The EURNZD pair exhibits clear bearish momentum. The current retracement to the 50% Fibonacci level presents a possible sell opportunity.
Trend: EURNZD demonstrates a well-defined downtrend.
Retracement: The price action is likely experiencing a corrective retracement before renewed selling pressure.
Fibonacci Confluence: The 50%-61.8% Fibonacci level is our...
EURNZD has a bearish structure supported by a descending channel, with a high registered at 1.7935 on January 22nd. Currently, the price is in the H4 demand zone. I expect a possible trend reversal, with a change in structure to the upside on M15 followed by a retest in the BOS impulse zone. In this case, if the market follows this scenario, I would enter a long...
following harmonic pattern trend reversal with bullish divergence
printed new HL and retraced
can be good buy entry at CMP
1.75397
stop loss 1.75032
TP1 1.7577
TP2 1.7618
Price has been printing lower highs and lower lows for some time now
As you can see, the price is currently consolidating on the overlap support zone which the price seemed to have been rejected multiple times in the past
I believe a rejection from this level could lead the price to rise towards the descending trendline resistance.
