[Market Breakdown 1] EURNZD 4HIt seems like we are forming a 'Bullish M' Pattern on the 4H chart.
We have a clear Supply & Demand zone sitting at the zone of interest (61.80 Fib).
We have an ascending trend line to protect our positions.
Of course we always want to stay neutral and anticipate on the situation.
Eurnzdlong
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
A break of 1.7000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7095 and 1.7145
Resistance: 1.6950 / 1.7000 / 1.7050
Support: 1.6900 / 1.6860 / 1.6810
EURNZD Trading Idea - 22/Jan/2021Hello Traders,
Hope you all are doing good!!
The pair is building a very nice & High R:R LONG opportunity.
Target is the IC before the SELL-OFF.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
EUR/NZD buying
ANALYST : AMUN SULED ➖ COMPANY : OCSI CAPITAL MANAGMENT ➖ TRADE NUMBER : 2
Out of 30 companies 19 are down at the moment—— WITCH MEANS US3O IS GOIND FOR THE DEEP AS EUR/NZD RISE
BEFORE THIS PLAY:📌
I completed a top down analysis starting from the Weekly, and down to the H4 time frame. after understanding the current market order flow i then go through a process of finding my confirmations.
ORDER FLOW: bullish
DAY OF THE WEEK:Friday
PROJECTED TP:
PROJECTED SL:
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EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6885 (stop at 1.6856)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
Our profit targets will be 1.6972 and 1.7024
Resistance: 1.6880 / 1.6940 / 1.6980
Support: 1.6810 / 1.6750 / 1.6700
EURNZD: Is the DOUBLE BOTTOM starting a NEW TREND? Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
EUR/NZD
⚪ Technical Analysis :
In the weekly chart, since March 2019, the price has been following an interesting uptrend, bouncing on it in January 2020 and November 2020.
Few weeks ago the price broke the main trendline and it will probably pullback on that during the next weeks.
In the daily chart, since the beginning of June 2020, the price has been following a new downtrend, getting few rejections on its secondary trendline. On the 5th of January the price broke the dynamic support and it's now approaching to retest it.
In the H4 time frame, we can properly see how the price broke its previous descending channel, getting an interesting rejection on the support level at 1.68228, creating a possible double bottom pattern.
The price actually reached its next S/R zone at about 1.70000 and the next price action around this zone will be essential to understand the next market movement.
🔴 Conclusion : ✔️
I believe this is an interesting situation and we could absolutely catch a trade position whenever we will confirm the validity of the double bottom pattern.
I'm confident to see the price reaching and retesting the main weekly trendline and I'll be waiting a proper breakout of the level 1.70000 before planning any long position.
Stay tuned for Updates and Trading Signals !
What's your opinion? Share your idea writing a comment!
Please note the views are not investment advice and should be used only for educational purposes
Trade Safe and Responsibly ,
Gianni
EUR/NZD a Potential Move Upward to the 1.7074 Mark 🚀🚀🚀💡 Trade Idea
📈 Buy Limit EUR/NZD @ 1.6952
🎯 Target Profit 1.7074
🛑 Stop Loss 1.6912
❌ Do not risk more than 1 % of your account on each trade
🙂 Good Luck !
Description:
The price managed to break out of the bearish channel and posted a “double bottom” around the daily support which indicates a potential reversal. The price now is trading around the neckline, so we expect a lower correction and then most probably a move upwards to the 1.7074 level.
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Risk Disclaimer: All trading ideas published by collegeofpips are for educational purposes only. These posts can help you to enhance your trading skills, but please do your own research before opening any trading position. ⚠️
Further Upside Expected as EURNZD Expects to Breach 1.698 LevelKey details outlined in Signposts. Despite price breached lower, this didn't sustain and crossed back above our support. 1.698 was tested earlier on the 18th and the selloff reaction was weak.
[ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
EURNZD: LONG Idea breaking the Main DESCENDING CHANNELHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis , support the idea with a big LIKE 👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
TECHNICAL ANALYSIS:
Since the end of December, the price started following a clear descending channel, bouncing many times on the dynamic channel S/R level.
Few days ago, on the 8th of January, the price reached an important dynamic support that we can definitely see in the daily chart perspective, the market in fact is moving inside a huge falling wedge pattern and the support rejected and inverted the price again.
The price then broke the descending channel and now it seems is starting a new uptrend.
CONCLUSION:
In the daily perspective, the falling wedge pattern is perfectly working, the price is bouncing inside as expected.
The momentum is slowly increasing and the RSI in the daily perspective is clearly showing us a nice convergence, just around this important level.
I believe the price will definitely move up and my next target is the level 1.70500
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.6983 (stop at 1.6949)
Dips continue to attract buyers.
The bias is to break to the upside.
A break of 1.6980 is needed to confirm follow through bullish momentum.
Pivot support is at 1.6863.
Levels below 1.7000 continue to attract buyers.
Short term MACD is moving higher.
Price action looks to be forming a bottom.
Our profit targets will be 1.7088 and 1.7154
Resistance: 1.6950 / 1.6980 / 1.7000
Support: 1.6900 / 1.6850 / 1.6800