EURNZD - Double Bottom Pattern- Bearish Trend Identified - Bullish Divergence Spotted - Reversal Pattern Identified - Breakout Zones Defined - Trade Setup ExecutedLongby ShahzaibNaveed1
EURNZD - Super Simple LongVery likely this pair will bottom and pullback to the 200 SMA That's it! Keep it simple. Trade Safe Longby Michael_Harding117
EURNZD | Weekly bullish trend idea!Support and resistance shows a clear chance of bullish movement coming up for the upcoming week. I will be on the watch out for long positions! What do you think?Longby FX_Unlimited119
EURNZD Bullish this week**Monthly Chart** EURNZD has been in a large sideways range between 1.46000 and 1.85000 from the year 2017 till date. However, we saw the price peaked above 1.85000 level in Mar 2020 but it moved back into the range creating manipulation candles (MC) and then drifted lower until Mar - April 2022 creating another MC (or order block) after testing the low at around 1.55000 levels. Since then the price started moving higher. Last 4 months candles, the price was moving into a smaller range as it is testing the older manipulation candle of 2020. Last month’s candle closed within the range of the previous three months. This month candle opened lower and currently testing a strong support level at around 1.75160. If the price breaks the low then we might see continued bearish momentum. If the price bounced from that level then the price will go back into the range. On the week closing 8th Dec 2023, the monthly candle (which is still active) tested the low of July23 month and bounced from it. Therefore, I was predicting a move higher at least to test the middle of the previous month's candle at 1.8000 level. **Weekly Chart** Last week candle closed as a doji candle at a strong demand zone which suggests the next movement is bullish for EURNZD this week. I will be watching this pair closely and GBPNZD for potential buying opportunities. **Daily Chart** The last daily candle of last week closed at a bullish candle after storing near a strong demand zone. As mentioned in the weekly chart. I see this as a buying opportunity from a smaller time frame.Longby PropSignals332
EURNZDWe won 2 rounds of Buy and Sell. This will be the 3rd round, hope luck will come to you. Buy EURNZD SL: 1.74428 TP: 1.78322Longby mastertradingwaveUpdated 4
EURNZD IS MAKING DOUBLE BOTTOM 1HEURNZD is making double bottom at 1H time frame RSI also shows trend reversal on past dataLongby rizwanahmed0603112
EUR/NZD Buy Setup: Targeting 1.77100Initiating buy trades on EUR/NZD, targeting 1.77100. Anticipating this to play out within a day or two. Remember to apply your own risk management. Personally, I'm using a time-based strategy with a small position. If the target isn't hit in two days, I'll exit. Stay tuned for updates. 📈🇪🇺🇳🇿 #ForexTrading #EURNZDLongby GlobalHornsUpdated 668
EURNZD- see buying for rest of yearEURNZD I see price action on daily has formed a while known "W- pattern" or major support area. If you look on daily last month was price action had a major sell off on this pair, which now needs to be filled in before this month and 2023 is over with with buying. From 1.76000 to 1.80000 is a 400 pip gap or fair value area of only one way selling, which needs to be negated with buying. Will be looking for only buying opportunities on this pair rest of year. With any trading- please always control risks on every trade and have a plan and trade plan. *What is your view or opinion on EURNZD rest of 2023?Longby Anbat558
EURNZD play the reversal if permitsHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bouncing around at the daily key level. watching for breakout of this consolidation to give me direction! My EUR index also indicated that it is at a key level to hold as a currency. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. ********************************************************************* by Shadowing_The_Big_Boys1
EURNZD THESIS 🐃💡Price broke off this bullish penant in this long term downside trend. I hoping to see some rejections as price rallies to the upside, from the nearest resistance zone atleast . I still have my entry at the bottom for a number of reasons, due to price creation of HHs and the inducement that caused the massive push to the upside, I'll like for there liquidity swept before ascertaining my next move. Noticed as well the dxy had an impact as well on the EURNZD, It was positive in correlation. So my sentiment shall aswell base on the bais roughly. Tell me what you think. Always manage your risk BlessLongby ombejonathan115
EN LongEN took the liquidity from the July Swing Low ans has started to push up. I expect to see a change of character on the 4H at market open. the pullback will give us a better entry. this will be a 300 pip move up to fill the 1H Imbalance @ 1.7960. If you decide to take this trade, please use good risk management.Longby Tosumbua115
7 Forex Trading Tips (To help you be successful in 2024)7 Tips for all Forex Traders (to succeed in 2024) So many new traders come into with an expectation of quickly becoming a millionaire. They soon learn that making money from trading isn’t as simple as just placing trades and collecting profits. They need some forex trading tips that can help them to succeed in the market. If they get these useful tips and combine them with a good and hard work there’s a chance that they can become successful as a forex trader. If this sounds like something, you’d like keep reading. This article will give you 7 forex trading tips that can help you improve forex trading results. Many new traders look to this scalping type of trading where positions are held for a short time, usually less than a day. This type of trading has become so popular because it is also considered as a way to deliver quick profits to a trader’s account. Understanding the dangers of short-term trading are also important. 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Once you know the long-term trend you can use the short-term charts to find short-term opportunities in the same direction as the broader market trends. There’s truth to the old saying that “The trend is your friend.” 5) Always Have a Trading Plan There’s a saying that goes “Fail to plan, plan to fail” and it is appropriate for forex traders to keep it in mind. Trading plan is what will tell you when to enter and exit your position, the profit target, how much risk you’ll be willing to accept, and everything else regarding trade. It will keep you from getting too fearful or greedy, and should prevent emotional decision making. In all honesty having a trading plan is one of the most important tips, and it should probably be at the top of this list. And the key is not just to have a plan, but to follow it religiously, and to take the time to analyze how well it performs so you know when changes might be needed. 6) Protect your Capital by Managing your Risk on every trade Protecting your capital is what will keep you in the trading game when others have been thrown out by their own careless risk taking behavior. Remember that the market will always be there for another day and another trade, and you want to be sure you have capital to take advantage of that in your trading adventures. This means always calculating your risk on any trade, and knowing when to enter and when to take a day off. Volatility is good, but not if it increases your risk to the point that you blow up your account. Also be sure to always use stop losses to protect from unforeseen moves. 7) Price action on charts (not feelings)/Never stop learning You might be thinking this is basic, but too many traders fall into the trap of trading on emotions and hunches rather than facts. Always trade what the market shows, not what you hope to see. Wait for your trade setup and avoid trading based on emotions. Two things you can do to help ensure you are trading with facts and not emotions is to have a clear trading plan that you’re following at all times, and to keep a detailed journal of trades. The forex market is one of the most complex financial systems ever created, and no one will ever know all there is to know about it, especially since market conditions are always changing. This makes it crucial for you to always be learning. Because the forex market is ever-changing you need to understand that what worked yesterday won’t necessarily work today. And when your strategy stops working it would be good to have the knowledge to know why it’s stopped working, and how to fix it. Always look to try new strategies, find new ways to research the market, master technical tools and your fundamental analyzing strategies. Last of all, keep an eye on evolving technologies like auto-trading, back-testing software, and new technical trading indicators. Each might have a place in your future trading plans. Editors' picksEducationby Anbat99445
A perfect EUR/NZD buy setupThe divergence in the EUR and NZD will give us a nice upside in the pair. Longby MlungisiMpapane118
EURNZD Long Trade Setup A #long trade opportunity recently presented itself on the #eurokiwi (#EURNZD) #trading chart 📈. This is indicated by the #bullish engulfing candlestick 🕯️ pattern just above the 1.74844 horizontal support level. This indicates a rejection of the same level, with potential price move in the upward 👆 ⬆️ direction (#buy). Sufficient upward momentum should see price rallying towards the 1.82000 psychological level and possibly testing the strength of the 1.82614 horizontal resistance level. As always, please apply appropriate risk management. Happy trading! #crosspairLongby charles-okoukoni225
EURNZD 8 DEC. 2023EURNZD is in a great down trend movement , so it it OK for selling this pair ! Shortby wolf97432
EURNZD LONGAnticipating a long-ranging trade based on the current support. On the 1-hour chart, a double bottom pattern is identified with a confirmed neckline break above. Planning to enter on the retest. Entry: 1.75135, Stop loss: 1.7430, Targets: 1.7592 & 1.7642.Longby UKTRADERS211
EURNZDPlace a Sell Limit point at the resistance area above the price between 1.828 - 1.832. We will have a stop loss at 1.8353 and run to 2 targets of 1.7777 - 1.75500 respectively. Most importantly, manage your capital with the best minimum order size for your entire capital.Shortby mastertradingwaveUpdated 3313
EURNZDjust found another chart pattern again ! but for the confirm, must break the resist first. the stochastic also have a divergent. wish what i draw is correct lols disclaimer DYORLongby dorissim1
$100k Challenge - EURNZD Short - Trade Update - E36 T1Hey all! This one is a late update to the trade, I've had some crazy busy days lately... and we're back! We have another take profit for the challenge! There's also strong selling pressure hitting the daily support area. Given that we traded the breakdown of an ascending channel, I consider we can see a continuation to the downside. If the market proves that the sellers have the upper hand, we are set to have a great ride! For now, given that the bearish move was strong with almost no pause, I'll move the stop loss to break even as a precaution. I'm looking to give this trade enough breathing room for the time being so we can maximize profits. In case the market does start to show signs of a reversal around the support zone, I'll consider bringing down the stop loss by FernandoBorea0
EUR/NZD LONG (short-term)The EUR/NZD exchange rate is currently trading in a downtrend. The currency pair has been forming lower highs and lower lows since June 15, 2023. The RSI is also in a downtrend, which suggests that the selling pressure is likely to continue. Traders who are looking to buy the EUR/NZD exchange rate could consider doing so at the current levels. However, traders should be aware of the risks involved, including the possibility of further weakness in the currency pair.Longby Tradonaut1
EURNZD 07/12/2023I’m going short on this, 2% more and I’m passing first stage of FTMO, hopefully a couple of more pips and I’ll be on the verification stage. Sharing this for anyone looking for a trade. Shortby abzilla4
EURNZD continuation ideaPotential for a bearish pullback on the EURNZD pair, which could lead to a price movement towards the support level at 1.72000 in the upcoming period.Shortby GOLDFXCCUpdated 1
SHORT BUY💡We noticed price sweep out the previous low with a wick on the 4h chart. Diving down into LTF, 15mins after the liquidity sweep there was a new internal high created, this creates a valid buying opportunity atleast to the breaker block or the inducement which initially started the rally which caused the sweep. This is no financial advice, just an outlook of possibilities, if price takes out the new created high without respecting my point of interest, I'll still hold onto it, an see what the market presents. Tell me what you think Longby ombejonathan227