We usually prefer to analyze graphs in D1 but this pattern in the monthly graph forces us to write about it. 2 Doji candlestick symbolizing a trend ending (to confirm the current candle theory should close in red ... got off to a good start) The 200 moving average line synchronizes with the resistance line at 1.7760. This is the third time eurnzd has touched the...
EURNZD LONG BUYING FROM 1.73455 TP 1 80PIPS TP 2 120PIPS TP 3 160PIPS TP 4 OPEN To get involved with mentorship or get more trade ideas; contact me. Instagram @VARGOSCAPITAL
In the image above you can clearly see a prime example of a double top which indicates a Reversal is coming. This pair is still in a Up Trend so I expect a short retracement down just like you see on the chart happend end June and July. The execution of this trade will take a view weeks I guess so a lot of patience is needed.
seeing a bearish trend on EURNZD but until I see a retracement Ill be entering sale orders following the right confirmations of reversal patters Ill be entering sales ( Feel free to leave a comment )
Break the previous daily support ( Black Line ) Upcoming sell trade... Expecting sell zone ( Blue line ) Good luck
EURNZD in a key resistance area and showing some kind of bearish transition
Been Looking at the pair for a while. It got to a price point where traders could think of shorting this pair but i think the dynamic traders bidded the market past that level in order to hunt stops. Now i think its time for them to do what they actually want to do .
EURNZD in a key area of resistance which could lead to a price fall
Use position size calculator DO NOT RISK more than 1% SL: 1.68400 TP: 1.78800
EUR/NZD testing the downtrend line and seems like the upside is limited and a possible correction is setting up. Short term momentum indicators support the view as well. If it forms a linear compression here, i'd recommend to look for sell setups for a target to 1.7100 or so. Happy Trading.
ITS A BIG TRADE LETS WAIT FOR IT TO FALL FROM SKY. GOOD LUCK TRADING.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
For those of you who missed the initial entry on the EURNZD 4H chart (after the trend line break), will now have a second chance to enter. We are hovering over a strong flipzone that needs to be broken first with a high momentum bearish candle in order to enter. Do not do mid-candle decisions, wait for a clear break and be patient.
Hello Traders, Price is forming trend continuation pattern, you can buy and sell in that ranges, my longer term view is buy. So look for buy as much low as you can. Good Luck! Cheers, Jonas