Eurnzdbullish
EURNZD, daily timeframe, buy on strong support rejectionHello my friends,
I just found an interesting opportunity at EURNZD pairs. This pair has been going down for 600 pips from the recent rally. In my opinion this looks like an exhaustion after a fierce 1100 pips upward movement.
I tried to analyze this chart using fibonacci retracement and this pair seems to respect 61.% fibs retracement.
There is also ichimoku cloud support, horizontal support and EMA-200 at this 1.7600-1.7550 area so we could say this is an area of confluences.
I am going to buy EURNZD at the beginning of Monday to try this opportunity.
Buy EURNZD 1.7590
Stop loss 1.7450
Take profit 1 @1.7730
Take profit 2 @1.7870
Take profit 3 @1.8010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
#EURNZD Both Possibilities BUY & SELL Here in EURNZD we have both the buy & sell Moves once it break these levels, as well, if it break the trend from up then BUY SIGNAL will be there & what if it go on falling still, remains in its trend then no matter it will hit its resistance then after that we have some scalping trade.
Hope the best & keep patience, sucessful trade will be there.
This would hopefully gave you a certain point where to enter for the hope of profit.
BREAKING: #EURNZD to challenge 11 year highsThe multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs.
EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years.
This is a market definitely to look forward to witnessing it's unfolding.
Even sleeping dogs can only lie so long.
EURNZD ANALYSIS!!!EURNZD is in a Bullish Environment, Heading towards Resistance Area , so i'm looking forward for the 15 minutes and 1 Hr Candle to close above the yellow Zone, and i will enter on the buy when the Re-test happens for 40+ pips :))
Don't you like 40+ pips on a Trade? cuz hell i do!!
If this analysis makes sense or matches yours, please hit the thumbs up Icon :))