EUR/NZD Daily AnalysisPrice has rejected daily resistance at 1.8450 after NZD had a huge sell off last week. With the Kiwi sellers potentially running out of steam, this could be a good opportunity to short EUR/NZD.
EURNZD trade ideas
EUR/NZD 2 Entries +200 Pips 0 Drawdown , Important Update !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
trade idea of eurnzd , market trend change ??trade idea of eurnzd , market trend change ?? bearish in 1h timeframe and shift of structure and bearish candle in selling zone ///// trade with your own risk with your own setup , i don't reccommand anyone to take my trade .
EURNZD retracement for continuation sellingTHE EURNZD has playing within the zone of red where i marked as pontential for the suppler and on that zone there is resistance and isnt broken its respected so i expected its supplier to continue to control the markert
dont forget to leave comment for any idea on this pair
EUR/NZD Gave Yesterday +120 Pips 0 Drawdown ,New 2 Entries ValidThis Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
A brief Pullback EURNZD is under a brief pullback, as buyers takes partial profits and sellers try to take advantage of buyers profit taking, buyers have being pushing the market for 2 weeks vigorously, and are currently looking to buy more at a cheaper price, looking to buy in at the next Fibonacci level, see chat for more details. dm for precise entry and exit.
Mindset and Beliefs: The Foundation of Successful TradingAfter 16 years of trading, I have come to realize that mindset and beliefs are critical to achieving consistent success in the markets.
Through personal experience and countless hours of market analysis, I've discovered that the psychological aspect of trading often makes the difference between consistent gains and recurring losses.
Today we will explore how your mindset and beliefs shape your trading performance and provide practical exercises that I've personally used to develop a winning trading mentality.
Understanding Mindset and Beliefs - The Role of Mindset in Trading
Your mindset encompasses your attitudes, beliefs, and emotional responses towards trading. It influences every decision you make, from the trades you choose to enter to how you react to losses and gains.
A positive, growth-oriented mindset helps traders navigate the volatile nature of the markets, while a fixed, fear-driven mindset can lead to poor decision-making and emotional trading.
Reflecting Beliefs in Trading Results
One of the most profound realizations I've had is that the market will reflect your limiting beliefs back to you in the results you achieve. If you have negative beliefs about money, success, or your self-worth, these beliefs will manifest in your trading outcomes.
For instance, if you subconsciously believe you are not deserving of success or wealth, you may find yourself making decisions that lead to losses, reinforcing those beliefs.
Key Beliefs for Successful Trading
To become a consistently profitable trader, it's crucial to cultivate empowering beliefs. Here are the key beliefs that have transformed my trading journey:
The Market is Neutral: - The market does not act against you personally. It moves based on the collective actions of all participants. Believing the market is neutral helps you stay objective and not take losses personally.
Accepting Uncertainty: - Embrace the uncertainty of trading. Each trade's outcome is unknown and should be viewed as part of a probability game. Accepting this uncertainty reduces emotional reactions to market movements.
Deserving of Success and Wealth: - Develop the belief that you are deserving of success and allowed to make money. This positive self-concept can shift your actions and decisions, aligning them with wealth creation.
Focus on Process Over Outcome: - Successful traders focus on following their trading process rather than fixating on individual trade outcomes. This helps in maintaining consistency and emotional stability.
Practical Exercises to Develop a Positive Trading Mindset
These techniques are not just theoretical. They are exercises I have practiced over the years, transforming me from a consistently losing trader to a consistently profitable one.
Self-Awareness Journaling - Objective: Identify and challenge limiting beliefs.
Exercise:
Step 1: At the end of each trading day, write down any negative thoughts or beliefs you had during trading. For example, "I always lose money on Fridays" or "The market is out to get me."
Step 2: Challenge these beliefs by questioning their validity. Ask yourself, "Is this belief based on facts or emotions?"
Step 3: Replace negative beliefs with positive affirmations. For example, "I am continuously improving my trading skills" or "The market offers opportunities every day."
Frequency: Daily - This exercise helped me recognize and reframe the negative thoughts that were sabotaging my trading efforts.
Visualization Techniques - Objective: Build confidence and a positive mental image of trading success.
Exercise:
Step 1: Sit in a quiet place and close your eyes.
Step 2: Visualize yourself successfully executing trades. Imagine each step, from analyzing the charts to placing the trade and seeing it reach your target.
Step 3: Feel the emotions associated with successful trading, such as confidence and calmness.
Frequency: Daily for 5-10 minutes - Regular visualization has ingrained a sense of confidence and calm, enabling me to approach each trading day with a clear and focused mind.
Cognitive Reframing - Objective: Change negative trading experiences into learning opportunities.
Exercise:
Step 1: Reflect on a recent trading loss.
Step 2: Write down the negative emotions and thoughts associated with the loss.
Step 3: Reframe the experience by identifying what you learned from it. For instance, "I learned the importance of setting stop-loss orders."
Frequency: After every significant trading loss - By reframing losses as learning opportunities, I've been able to grow and improve my trading strategies continuously.
Meditation and Mindfulness - Objective: Enhance focus and emotional regulation.
Exercise:
Step 1: Find a comfortable sitting position.
Step 2: Close your eyes and focus on your breathing.
Step 3: If your mind wanders, gently bring your focus back to your breath.
Frequency: Daily for 10-15 minutes - Meditation has been a game-changer for maintaining emotional control and staying calm during volatile market conditions.
My Transformation in Trading Mindset
Early in my trading career, I struggled with a fixed mindset, believing I wasn't cut out for trading due to a few early losses. I often felt the market was against me and reacted emotionally to trades, resulting in a cycle of poor decisions and further losses.
My beliefs about money, success, and self-worth were reflected in my trading results. The market seemed to mirror my negative beliefs back to me, causing me to lose money consistently.
By incorporating the exercises above, I gradually shifted my mindset:
Self-Awareness Journaling helped me identify and challenge my belief that I would never be a successful trader. I replaced negative thoughts with affirmations of continuous improvement and opportunity.
Visualization Techniques built my confidence by allowing me to mentally practice successful trades, which in turn manifested in real trading scenarios.
Cognitive Reframing turned my losses into valuable learning experiences, reducing my emotional reactions and helping me grow as a trader.
Meditation and Mindfulness enhanced my focus and emotional control, helping me stay calm during volatile market conditions.
Over time, I developed a more positive, growth-oriented mindset. I started to see losses as part of the learning process and focused on following my trading plan diligently.
This transformation in mindset led to more consistent trading performance and increased profitability. The market began to reflect my new, positive beliefs back to me in the form of consistent trading gains.
Conclusion
Your mindset and beliefs form the foundation of your trading success. By developing a positive, growth-oriented mindset and challenging limiting beliefs, you can enhance your trading performance.
The practical exercises outlined above provide a roadmap for transforming your mindset and achieving greater consistency and success in trading.
Remember, the journey to mastering trading psychology is continuous. Stay committed to these practices, and you'll gradually build the mental resilience and confidence needed to thrive in the markets.
These techniques have been instrumental in my journey from a consistently losing trader to a consistently profitable one. I believe they can do the same for you.
EUR-NZD Short From Resistance! Sell!
Hello,Traders!
EUR-NZD has retested
The horizontal resistance
Of 1.8465 and we are
Already seeing a bearish
Reaction so we will be
Expecting a local
Bearish correction
Sell!
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EURNZD possible down trend will be startThe EUR/NZD currency pair might be showing signs of starting a downtrend based on strong support in the daily time frame. Here are some key points to consider:
Support Levels: Identify the key support levels on the daily chart. If the price has recently tested and failed to break through a strong support level, it could indicate a potential downtrend.
Trend Indicators: Utilize technical indicators such as moving averages, MACD, and RSI to confirm the potential downtrend. A crossover in moving averages (e.g., 50-day below 200-day) or a bearish signal in MACD/RSI could support the downtrend hypothesis.
Candlestick Patterns: Look for bearish candlestick patterns like bearish engulfing, shooting star, or evening star near the support levels, indicating potential reversal.
Volume Analysis: Increased volume on downward moves and decreased volume on upward corrections can reinforce the likelihood of a downtrend.
Fundamental Analysis: Consider any recent economic data or news events impacting the Eurozone or New Zealand. Strong economic performance in New Zealand or weak data from the Eurozone could further support a bearish outlook for EUR/NZD.
Always ensure to use a combination of these factors for a more robust analysis and consider setting appropriate stop-loss levels to manage risk
EURNZD - Parabolic Exhaustion or Break of 4 yr HighEURNZD has been on a strong bull run as it approaches making significant yearly highs.
Its reaction to breaking through will test if the enthusiasm is backed by continual buying.
Conversely, a rejection could lead to a strong bearish reaction in the short term.
The presence of 2 consecutive Doji candles indicates a degree of indecision given the lack of committed opinion either way
EURNZD short sellis it time to sell eurnzd?
price looks to be forming a support on the trendline and could potentially break the trendline for a short sell to the last resistance, this is just an idea though as price could go the other way and continue with it's up trend
SELL THESIS ON THE EURNZDMy sentiment is quite straightforward. i anticipate buyside liquidity to be taken and for sellers to kick in to atleast the previous daily imbalance ( Rectangular Box ). ill be looking forward to how price reacts after the sweep.
thank you.
EURNZD Quick Analysis | Tech/Fund ViewEURO strength has faded today as weakness sets in.
We can now look to fit the longer term trend bias that is presented (EUR long term weakness VS NZD).
Entries/Exits Discussed.
EURNZD Bullish Move has started**Monthly Chart**
EURNZD is moving into a range between High 1.8400 and low 1.73800 from June 2023 till date (almost a year). Last month, the candle closed as a strong bearish engulfing candle suggesting a turn or a move back to the support area. This month's candle which will be closed by the end of this week opened lower and is currently testing the demand zone.
**Weekly Chart**
Last week’s candle closed bullish after swiping the liquidity of Feb 2024 swing low and then coil around the demand zone, which suggests bullish moves in the upcoming weeks.
**Daily Chart**
At the break of the last daily candle high we will be looking for a buy entry on lower timeframes to take this pair at least towards 1.7700 level and then 1.7850 level.
EUR/NZD SHORT FROM RESISTANCE
Hello, Friends!
The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.835.
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EURNZD Loong!Considering that the price has retested the resistance zone, converting it to a support zone, I anticipate that the price will continue moving higher and higher.
Entry point at 1.843, SL at 1.834 and TP at 1.868
EUR_NZDConsidering the arrival of static resistance and negative reaction to the midline of the channel, we can open a sell deal
EURNZD SHORT IDEA EURNZD is printing higher highs and higher lows. But the RSI shows a bearish divergence, indicating the trend will move to the downside soon. so we can trade the short side. entry level mentions in the chart.
EURNZD: Critical Juncture & Potential Double Top ReversalThe EURNZD experienced a strong bullish rally, but it is now at a critical level. A double top reversal pattern accompanied by bearish divergence suggests a potential shift in trend. If the price breaks below the neckline, it will confirm bearish control, with the 1.82277 level being particularly significant.
EUR_NZD POTENTIAL SHORT|
✅EUR_NZD will be retesting a resistance level soon at 1.8464
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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EURNZD Resistance Zone TestConsidering that this currency has been on a bullish momentum, it is about to test a resistance zone, based on the higher timeframes (1D).
Let us wait for the price to retest the zone, so that we can come up with a clear entry position.
