H1 - Bearish trend pattern.
Currently it looks like a pullback is happening.
No opposite signs.
Until the two strong resistance zones hold my short term view remains bearish here.
EURNZD:
Price has tested resistance twice. One more test, and I expect a push to the downside. It could test the 100 EMA.
RSI: EMA did not break out from the RSI and could push to the dpwnside.
MACD: Possible crossover to the downside.
HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD HAVING A GREAT WEEKEND.
HERE'S A LOOK AT POSSIBLE SCENARIOS THAT COULD PLAY OUT ON THE EURO/ NZD IN THE COMING WEEK.
EUR/NZD CLOSED LAST WEEK WITH SOME STRONG MOMENTUM TOWARDS THE UPSIDE SIGNALLING.
* We have break of structure to the upside.
* Weekly OB to be mitigated.
* Looking for some correction towards the...
A bearish opportunity recently presented itself on the euro-kiwi trading chart. This follows from the bearish harami candlestick pattern which printed just below the 1.66000 psychological level. A stop loss above the same psychological level and a profit target anywhere between your entry and the swing low of 1.58860 could give you a reward-to-risk ratio as high...
My indicators are suggesting we could be in the process of a BIG move south on this pair - potentially over 1200 pips. We already moved down 2000 pips from the last high back in the middle of May and I believe we could go lower. Maybe big swings though so I've taken a smaller position to accommodate a larger stop. In at 1.8052 STOP at 1.8317 and TAKE PROFIT at 1.7314
Good short setup for #EURNZD
1.7376 is a good level to enter after the confirmation of the wave.
It's a previous impulse (nov 12) and 1.61 of Fibo
Entry point 1.7376
TP 1.72
SL 1.745
