EURNZD MAJOR BREAKOUTEURNZD was travelling in a blue triangle, but as you know from our previous trades, price broke out to the downside, came back to retest the triangle at the 0.618 retracement level before making its way much lower then the previous support zone.
Price is now travelling in a descending channel and has touched the bottom after a large impulse move down, we expect price to come up to the 0.618 and then back down to the -1.27 extension level.
Eurnzdbuy
EURNZD - PULLBACK - 26. MAR. 2019WELCOME TO DACAPITAL-TRADING!
EURNZD FOREX BREAKDOWN 26 MAR 2019
1 HOUR
Forming new lows with strong bearish price movement!
4 HOUR
Price melting and need a pullback to the upside!
DAILY
Very bearish market taking out several lows and long holders!
PULLBACK SETUP
BUY EURNZD
ENTRY @ 1.63375
SL @ 1.62070
TP @ 1.64860
(Use normal Risk!)
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
EURNZD SET TO SURGE HIGHER IN WAVE C OF (B)Hi Traders,
The EURNZD seems to have completed wave B of (B) which unfolded as a double zigzag pattern "w-x-y," after a strong sell-off in (A) from Oct-Dec 2018.
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Wave c of (y) of B also unfolded as an ending diagonal pattern. Also, prices have made a triple bottom pattern on the chart with MACD indicator also flashing bullish divergence (Not on chart).
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According to the Elliott Wave principle, every impulse is followed by a three-wave correction in the opposite direction, but EURNZD has only drawn two waves, labeled A-B, from the bottom of the wave (A) at 1.6330.
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This means that in order to fulfill the 5-3 wave cycle from the top at 1.7929, the bulls still have to lift the pair to a new swing high in wave "C" of (B).
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Considering the evidence supporting bullish bias on EURNZD, we will look for buy entry at market open. The projected target area for wave C of (B) is around 1.72497 where wave A is equal to wave C.
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What's your view on EURNZD? Let's talk in the comment.
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Thanks for reading!
Veejahbee.
EUR NZD Long off 1.67000After a major drop on EN, we can see price bottoming out. I favor an upside move before potentially continuing further down. However, a break and Daily close above our TP2 could see this pair move further up to the 1.70500 range. For now, I hold onto my corrective bias. @earnwithwern
FOREX - EURNZD - SWING - 24. JAN. 2019WELCOME TO DACAPITAL-TRADING!
EURNZD FOREX BREAKDOWN 23 JANUARY 2018
1 HOUR
Strong bearish movement this week after a bullish H4 wave last week
4 HOUR
Good long entrys, strongly oversold now.
DAILY
Bullish waving market with good levels for long positions
LEVELS
BUY EURNZD
ENTRY @ 1.67670
SL @ 1.66800 (85 Pips)
TP @ 1.69020 (135 Pips)
RR: 1.55, use half the risk, big position!
IF YOU HAVE ANY QUESTIONS LET US KNOW IN THE COMMENTS
ALSO LEAVE US A LIKE TO KEEP OUR CONTENT FOR FREE!!
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Morshedul-Munna
EURNZD - Retesting Resistance as Support - Long opportunityPrice broke in the past few weeks a strong resistance, and now it came back for a retest. Made two strong attempts to go down and was throw back up. Broke the downtrend line with a strong engulfing candle. I`m going long when price break the highest price of the last candle.
EURNZD Weekly Forecast 24th September To 28th SeptemberMidterm forecast:
1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 51.