EUR/NZD bounced of the key resistance line💡Hello traders,
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EUR/NZD has been very bullish recently. However, for past days price has reacted to resistance line and now is starting to change trends and going down.
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Trade safe !
Eurnzdshort
Good Trading Opportunity for EURNZD!!! BEARISH outlook for now!!Currently, price level made a nice rejection off 1.7935 resistance level and now we could potentially see a rejection off 23.6 fib level. To determine if a BULLISH long term retracement is possible, I will be looking out for the breakout from this strong resistance level @1.7935. If so, we could see it heading towards 61.8 fib level. However, I am leaning towards a BEARISH movement for now, I will be seeing price movement going bearish minimally to 1.7600 support level. A rejection off that level will signal a good bullish opportunity but as mentioned a breakout from the strong resistance level will be a better indicator for a BULLISH climb. As of now, I will look to trade the BEARISH movement.
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eurnzd long term set uphere my expectation on EURNZD long term view, pls plan your trade than only trade ur plan, use risk management trade management and money management,
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EURNZD SHORT**ENG**
- Price rejecting nicely our reversal area, if price closes shooting star at the 2H, it would be a nice indicator of a drop in price.
**PT**
- Preço a rejeitar muito bem a nossa zona de reversal, se o preço fechar em shooting star no timeframe de 2H, será uma bom indicador de um possível movimento de queda no preço.
EURNZD short trade ideaPlan: support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
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EUR/NZD Short 300 pips?Good day, snipers. Here in EUR/NZD , I am looking for Swing Short since price is in a descending channel and also at a minor area of resistance . Price also seems to be on overbought levels on RSI and a bearish divergence . Big SL but greater TP level at structure. Signal with Entry, adjusted SL and TP will be sent to students.
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EURNZD, 4 hour timeframe, double top pattern in playHello my friends, i saw a nice trading setup in EURNZD pair.
A double top pattern is forming exactly on daily chart resistance trendline.
Price already broken below the neckline and currently retesting it. Price also still holding below EMA-200 in the4hr chart so it is pretty much still bearish on this pair.
Sell EURNZD 1.7360-50
stop loss 1.7435
Take profit 1 @1.7265
Take profit 2 @1.7180
good luck
EURNZD, REVERSAL ON SIGHT!**ENG**
- If price breaks bellow our demand level (black line), we would like to see a drop till the 1.7300 zone and then look for a possible reversal to the upside, with the first target being the 1.7350 zone.
**PT**
- Preço a quebrar a nossa zona de procura (linha preta), se de facto tivermos a quebra, o melhor seria aguardar por um toque na zona dos 1.7300 e aí sim procurar por um reversal para cima, o primeiro target nesse caso seria os 1.7350.