EURNZD - Long from bullish order block ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a strong bullish market structure from daily perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 1.79000.
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Eurnzdanalysis
EURNZD I Potential for more pullbackWelcome back! Let me know your thoughts in the comments!
** EURZD Analysis - Listen to video!
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DeGRAM | EURNZD psychological levelEURNZD broke and closed below the psychological level at 1.82000, which became a resistance.
The market is making lower lows and lower closes. On the weekly chart, we have a pinbar at resistance.
We expect a retest of the support level.
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EurNzd could rise to 1.9- Long term outlookEurNzd is a very volatile pair and for sure is very risky to trade it in the short term, however, if you take a look at the longer picture and ignore 100+ pips usually daily volatility, you can find pretty nice opportunities. I think this is the case right now...
EurNzd has been in a bull trend for quite some time and from May to August the pair formed a nice ascending triangle which was broken at the beginning of August. A retest of the broken resistance level followed, and a quick reversal after the touch.
Also, this correction from 1.8446 top is a bullish flag and once broken, would suggest continuation. This, correlated with the 1k pips target given by the triangle, could lead to a rise to 1.9.
That being said, I'm bullish EurNzd in the long term and I think the pair will reach 1.9 by year's end.
Happy trading!
Mihai Iacob
DeGRAM | EURNZD strong resistanceEURNZD tested the resistance at the 1.83000 support level, which is a psychological level as well.
It broke out of the ascending channel and then returned to it.
There's a nice confluence zone to short at the resistance level and fibo cluster where the price has printed a pinbar.
We expect a retest of the support level .
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EURNZD I Approaching reversal zone Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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DeGRAM | EURNZD trend continuation opportunityEURNZD broke and closed below the psychological level at 1.82000, which became a resistance.
Price is trading in the descending channel, printing the AB=CD pattern.
There's a nice confluence zone to short at the resistance level. We expect a retest of the support level.
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EURNZD I Potential decline to 1.8165 Welcome back! Let me know your thoughts in the comments!
** EURNZD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
DeGRAM | EURNZD bullish opportunityEURNZD is currently pulling back from the resistance level to the support level at 1.83000.
The market created the support level / psychological level that perfectly line up with the 61.8% fibo level.
The market is in a bullish trend overall, however, on the 4H chart, price made divergence means the market will make short pullbacks.
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EURNZD - Rejection from bullish order block ✅Hello traders!
‼️ This is my perspective on EURNZD.
Technical analysis: Here we are in a bullish market structure from 1H timeframe perspective, so I am looking for long. I want price to continue the retracement to fill the imbalance lower and then to reject from 30M bullish order block.
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EURNZD : Short Trade , 1hHello traders, we want to check the chart of EURNZD. The price has broken the upward channel and pulled back to the specified key level. We expect this level to maintain the downward trend of the price and play the role of a resistance level. We expect the price to fall to around 1.81100. Good luck.