EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to another free trading-setup.
If you want you can of course extend the stop-loss a bit as we get important news today!
EUR/NZD: Daytrade-Execution
Market-Buy: 1.66200
Stop-Loss: 1.65510
Point of Risk-Reduction: 1.67030
Take-Profit: 1.69500
Stop-Loss: 65 pips
Risk: 0,5% -1%
Risk-Reward: 5,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
Eurnzdsignal
EURNZD Bulls Are Overstaying Their WelcomeEURNZD has been in a corrective since February and seems to be topping out now.
The correction unfolded as a double zigzag pattern and the third zigzag is visible on this H4 chart above.
Wave c of (z) of 4 also unfolded as an ending diagonal which is a reversal pattern.
If this count is correct, any further rally must stay below the invalidation level on the chart and the price should head lower in a five-wave sequence.
Higher degree chart:
s3.tradingview.com
What's your view on EURNZD? Let me know in the comment.
EurNzd- To resume its downtrend?The trend for EurNzd is clearly down and after correcting and confirming 1.7 as strong resistance (twice) the pair started to roll back to interim 1.6650 support
A break here would also confirm a double top formation and give scope to a retest of 1.6350 low.
Rallies should be sold and only a clear break above 1.7 would negate this bearish scenario
EurNzd- Down continuation?After February's low around 1.6350, EurNzd recovered and reach, as I expected, 1.7 resistance.
A double top was formed here signaling that the correction is over
Now the pair is under the ascending trend line and we can speculate that the downtrend has resumed
I expect a new drop to 1.6350 support and only a break above resistance (1.7) would negate my scenario