The price broke its neckline after forming double top pattern.
We've got a strong zone of confluence from this area around the 61.8% fibonacci. A daily previous high and wick is present, a round number and of course the 61.8 fib. EN seems to enjoy round numbers so with added confluences at the zone we should see a decent reaction from the allotted spot price.
Here is another potential trade idea on EURNZD if we get the right confirmation signals. If confirmed, you can also trade any trend continuation patterns on lower timeframes.
ENTRY OPPORTUNITY Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on...
EURNZD - Intraday - We look to Sell at 1.6968 (stop at 1.7018) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Early optimism is likely to lead to gains although extended attempts higher are expected to fail. Bespoke resistance is located at 1.6970. Preferred trade is to sell into rallies. Our profit...
EURNZD - Intraday - We look to Sell at 1.6898 (stop at 1.6938) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end. Bespoke resistance is located at 1.6900. Preferred trade is to...
The price has been forming a rising channel, which has broken out, a major indication of a strong bearish momentum. I anticipate that the price will pull back and touch the 0.268 Fib area / at the lower trendline of the channel. My entry position is 1.6825 (after the price has retested the zone) and my stop loss is at 1.691. My target for this trade is 1.657, a...
Price failed to make new high and broke the trendline to confirm a potential down movement. i'm currently waiting for price to retest structure before looking to short this pair. What's your thought on this pair?
After setting Fib retracement here are the results: - Fib retracement and Extension we can conclude the there is a hard area to break and the trend is more likely to end begin rallying down for a reversal. - A major Resistance level is set on 1.69686 level and is so hard to break from the recent till down as shown the candlesticks have a bearish indicated wicks...
This is what I see on the cards for EN. GN position we are in for shorts going well, its a h4 position so its going to take some time to develop. This would be good confluence to add this EN pair. Need to see it sweep up higher personally to to take any sell limit trade. Levels for a limit trade are given in the photo, so lets see.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
FX:EURNZD Hello Traders! This is my analysis on EURNZD. EXPECT MORE TO THE DOWNSIDE
This Analysis is Based On Price Action Theory. According to this Analysis, the market comes through the descending channel with multiple pullbacks & bounces back. Second Analysis we found the price also test trendline with hidden Descending triangle structure Its showing price may continue the Descending channel if break triangle so down side, we have targeted...
Hello traders! ‼️ This is my analysis on USDJPY . Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from institutional big figure 1.68000. Like, comment and subscribe to be in touch with my content!
Forming Falling Wedge In H4 tf Incase Of Breakout Expecting #50 To 400 Pips Bulish Move
EURNZD - Intraday - We look to Sell at 1.6569 (stop at 1.6609) Trend line resistance is located at 1.6580. Bespoke resistance is located at 1.6570. Our short term bias remains negative. Preferred trade is to sell into rallies. Our profit targets will be 1.6469 and 1.6449 Resistance: 1.6470 / 1.6520 / 1.6570 Support: 1.6430 / 1.6400 / 1.6370 Risk...
EURNZD - Intraday - We look to Sell at 1.6629 (stop at 1.6669) Trend line resistance is located at 1.6635. Prices expected to stall near trend line resistance. We look for a temporary move higher. Preferred trade is to sell into rallies. Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to...