EURNZD is in a great down trend movement , so it it OK for selling this pair !
Anticipating 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.
Place 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.
Hey 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...
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...
I’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.
Potential 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.
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...
📈 **Trade Analysis - EURNZD Long - Swing Trade Setup** 🚀 Hey Traders! 🌟 Exciting opportunity alert! 🚨 Let's break down this potential swing trade on EURNZD, shall we? 🤓💹 **Trade Setup:** 🔍 **Reasons for the Trade:** 1. **Strong Day Support:** Price is currently resting on a robust day support level, indicating a potential bounce. 2. **Divergence on 4H and Day...
Looking for a sell position just righ to our demand zone. wait for updtate....
The channel is broken and the pullback is also done. Now, if the Orange area is broken, enter to sell. The targets are 1.7176 and then 1.6970. For less risk, wait for "Last Low" to hit and then enter!
EURNZD bounced back from a majoy support of daily time frame, further more we have double bottom and bullish divergence, buy stop above previous lower high is good for conformation.
Is EURNZD getting fueled at strong support level? As the price is been on strong sell side but now it seems like price is getting some bullish momentum after reaching at support level and bullish divergence suggesting the buying pressure is about to start. If the bears took control , the 1st target could be 1.7875 followed by 1.8200. What you guys think of it
✅EUR_NZD is approaching a demand level of 1.7500 So according to our strategy We will be looking for the signs of the reversal in the trend To jump onto the bullish bandwagon just on time to get the best Risk reward ratio for us LONG🚀 ✅Like and subscribe to never miss a new idea!✅
EURNZD made a double top with bearish divergence on the 1HR Chart, we can take entry as marked on chart
The past month and a half proved favorable for EUR/NZD bears as the pair not only broke below the double-top structure but also breached the ascending trend line that had kept prices elevated for over a year. Currently, the pair is preparing for another significant downside break at the 1.75 psychological figure, which also represents a crucial horizontal level....