EURNZD My Opinion! SELL!
My dear friends,
EURNZD looks like it will make a good move, and here are the details:
The market is trading on 1.7771 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.7640
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
———————————
WISH YOU ALL LUCK
Eurnzd!!
✅EUR_NZD BEARISH SETUP|SHORT🔥
✅EUR_NZ D is set to retest a
Strong resistance level above at 1.7732
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 1.7629
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
EUR/NZD SHORT FROM RESISTANCE
Hello,Friends!
EUR/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.758 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
EURNZD: Short Signal with Entry/SL/TP
EURNZD
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short EURNZD
Entry Point - 1.7683
Stop Loss - 1.7730
Take Profit - 1.7574
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
New Trade: EURNZD - Short Position (SELL LIMIT)New Trade: EURNZD - Short Position (SELL LIMIT)
Sell Limit: 1.7740
Stop Loss: 1.7780
Take Profit: 1.7550
Technical Analysis:
Initiated a short position on EURNZD with a Sell Limit set at 1.7740. The decision is anchored in technical analysis, specifically targeting the Fibonacci "golden zone" and incorporating the Anchored VWAP for additional confirmation.
Rationale:
The Fibonacci retracement levels indicate a potential reversal within the "golden zone," supported by the Anchored VWAP for enhanced technical conviction.
Risk Management:
A defined Stop Loss at 1.7780 is in place to manage risks effectively, ensuring a disciplined approach to protect capital against unexpected market movements.
Trade Strategy:
Take Profit set at 1.7550 aligns with the anticipated downward movement. The combination of Fibonacci levels and Anchored VWAP serves as a robust strategy for this short position.
Disclaimer:
Trading involves risk, and past performance is not indicative of future results. Exercise caution and conduct thorough analysis before making trading decisions.
Happy trading!
SELL EURNZD
Consider selling EURNZD based on historical seasonality trends and anticipated positive monetary policy by the 2024 Federal Reserve head. Monitor seasonal patterns, economic indicators, and central bank communications. Exercise caution, implement risk management, and seek professional advice as trading carries inherent risks.
7 Dimension Analysis For EURNZD Yearly 🕛 TOPDOWN Analysis
Yearly: A multi-year bearish structure persists, notably mitigated after the 2020 liquidity. The current chart suggests a potential trend shift.
Monthly: The market induces a significant move, establishing a proper internal structure with clear mitigations. The last two candles exhibit pronounced long wicks, rejecting from previous long wick order blocks.
Weekly: A well-defined weekly internal bearish structure is in place.
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bearish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Impulsive move is intact after a proper BoS, with a pre-breakout buildup near support levels. It's advisable to monitor any support breakouts for potential sell entries.
🟢 Inducement: Done
🟢 Pullback: Completed with a proper liquidity sweep
🟢 Internal Structure: Sideways
🟢 Decisional OB: Mitigated; waiting for support breakout due to observed volatility spikes and a massive supply at the decisional OB area. Distribution is evident in the same area for the third time.
🟢 Time Frame Confluence: Daily and H4
2️⃣ Pattern
🟢 CHART PATTERNS: Reversal - Rounding Patterns, Triple Bottom (waiting for failure). Consolidation Rectangle - A strong consolidation range; waiting for support breakout. Continuation.
🟢 CANDLE PATTERNS: Massive consolidation range; avoiding candlestick patterns in a sideways market.
3️⃣ Volume
🟢 Fixed Range: According to it, in this bearish volume,
🟢 Volume on Breakout: Awaiting this
🟢 Volume during Consolidation: Not as needed so high chance market continue its fall moves
4️⃣ Momentum RSI
🟢 Zone: Bearish to strict sideways
🟢 Range Shift: Bearish to sideways; intact from many sessions, indicating a lack of bullish power to break this range.
🟢 Divergence: Some bullish divergences observed, but not strong enough to manipulate the market.
5️⃣ Volatility Bollinger Bands
🟢 Middle Band: Price is under the middle band.
🟢 Contraction: A long and strong contraction; breakout will be crucial for this move.
🟢 Headfake: A very clear headfake, suggesting a potential sharp downward move in the coming sessions.
6️⃣ Strength According to ROC
🟢 Values: EUR 3.47 vs. 7.20, clearly showing the strength of NZD.
7️⃣ Sentiment
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ Current Move: Sideways; waiting for breakout
✔ Support Base: Previous swing low is support
☑️ Candles Behavior: Bears' candles appear stronger than bullish.
💡 Decision: Sell at the support line breakout
🚀 Entry: 1.7382
✋ Stop Loss: 1.7602
🎯 Take Profit: 1.6758, 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO.
😊 Risk to Reward Ratio: 1:3
🕛 Expected Duration: 15 days
SUMMARY: The analysis reveals a persistent bearish stance with indications of potential bearish continuation. Monitoring support breakout for sell entries is advised, considering the observed volatility and supply factors. The decision emphasizes waiting for the right breakout conditions.
Trade Recap + Two Missed Positions (+10% Potential)In this recap I cover a short position I took on EURNZD with key details regarding the lower timeframes, followed by two missed positions. CADJPY has given me some direction on potentially a new entry I can include in my trading plan, whilst USDJPY I chose to stay out of due to high impact news. Double digit returns again in just one week, stay switched on guys!!
EURNZD remains in a slight uptrend.EURNZD - Intraday
Risk/reward is ample to call a buy trade.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
Our short term bias remains positive.
Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
Levels close to the 50% pullback level of 1.7560 found buyers.
20 4hour EMA is at 1.7570.
We look to Buy at 1.7560 (stop at 1.7504)
Our profit targets will be 1.7700 and 1.7735
Resistance: 1.7600 / 1.7646 / 1.7662
Support: 1.7560 / 1.7545 / 1.7517
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
EURNZD Sell opportunity is to place a Sell order at 1.76304H Level explanation
EURNZD has been trading in a bearish trend for the last days. Now, the price displays a bullish Engulfing pattern.
Possible scenario
The best way to use it for sell opportunity is to place a Sell order at 1.7630 target at 1.7530
The best way to use it for a Buy opportunity is to place a Buy order at 1.7507 target at 1.7547
The upcoming news will not influence your orders within the mentioned period.
EUR/NZD is catching a beat and heading higher.....for nowEUR/NZD has support from the 200 day EMA which coincides with the WPP mid pivot. This should provide enough support for a move higher possibly targetting WR1 (Weekly Resistance) at 1.7611 over the next several hours.
The STOP at 1.7497 is under these 2 significant support levels.
A sideways structure is possible for wave (B).Dear FRIEND,
I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones.
As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
I hope my analysis will be useful to you in your business journey, and I wish you all the best.
Sincerely,
(Mr. Nobody)
EURNZD I In Consolidation But Here's What to Look ForWelcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURNZD Is Going Down! Short!
Please, check our technical outlook for EURNZD.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 1.755.
Considering the today's price action, probabilities will be high to see a movement to 1.745.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
EURNZD: Will Start Growing! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
❤️ Please, support our work with like & comment! ❤️
EURNZD: Classic Range Trading 🇪🇺🇳🇿
EURNZD is trading within a wide intraday horizontal range.
After the test of the upper boundary of the range, the price formed
a cup & handle pattern formation.
A breakout of its neckline is a strong bearish signal.
We can anticipate a retracement to 1.7513 level now.
❤️Please, support my work with like, thank you!❤️