DeGRAM | EURNZD strong resistance EURNZD has reached a psychological level.
We usually see some pullbacks or at least a sideways move at those types of strong levels.
The price is probably going to test the support levels and we might see some price relief.
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Eurnzdshort
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.6177 (stop at 1.6211)
The trend of higher lows is located at 1.6210.
A break of the recent low at 1.6180 should result in a further move lower.
Short term momentum is bearish.
Our profit targets will be 1.6086 and 1.6066
Resistance: 1.6250 / 1.6270 / 1.6300
Support: 1.6200 / 1.6170 / 1.6100
EURNZD SELLWe have our double top at the are followed by a push down and a flag on the 1H. The flag has a 3 touch structure with a corrective nature and above all, we got our candlestick pattern. all we waiting for is to be triggered into the position. Soon as we close at a 1:1 RR we move stop to entry.
EURNZD | BUY ON BREAKOUTEURNZD is looking in good bullish momentum, but currently price is standing at important level.
EMA100 - This ema has been reactive in the past as highlighted on the charts and price is filerting with it now. A break above will be more safest entry.
Horizontal Resistance 1.63312 - This resistance was the breakout level before consolidation and we see price resist or took support before moving on. Currently price is standing just under it.
Cup & Handle - On shorter time frame (4H) price is making a cup and handle pattern and break of cup will call for bulls.
Trade your levels accordingly.
Sell EURNZDOn the 1hr timeframe, a breaker block has been created to indicate that the order flow has changed on the lower timeframes. The order flow is now bearish.
The price should drop to the 50% level and more so that the Fair Value Gap that was created last week after the rally up can be filled halfway.
The high of Thursday which is also the low of Friday is my target price.
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EURNZD | BULLS DOMINATINGEURNZD | BULLS DOMINATING
EURNZD has been trading in bullish parallel channel, making higher highs and higher lows. The price action look promising as it breaks the horizontal level of resistance.
We are expecting bulls to continue their domination and push the price to much higher levels.
Trade your levels accordingly.
EURNZD | New perspectiveIt is obvious that since the beginning of March 2022, we have been experiencing what appears to be a reversal structure on the daily timeframe as there is a possibility that price might break out of the structure and set the tone for a bullish momentum in the nearest future. However, I am of the opinion that price action might first go into a correction phase before this move finally happen. In this regard, I am looking for a bearish opportunity at this juncture in the market.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
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Past performance is not necessarily indicative of future results.
⭕️SELL EURNZD🧐🔰You see the analysis of the Euro against the the New Zealand Dollar in One hour ( EURNZD , H1)❗️🔎
🔰SELL EURNZD at 1.59400
✅TP ; 1.56000
❌SL ; 1.60300
🔰As is evident from the image, the price moves in a flag pattern. Considering the presence of the price in the resistance line of the flag pattern (white downtrend line) and the supply range (purple) the sale in this area seems to be low risk. The target is placed in the flag support line (the lower white downtrend line) ❗️🧐
⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️
I hope this analysis is useful for you🙏🏻🌹
📌Please introduce the "TRADER STREET" to your friends 🙏🏻
_______________________📈TRADER STREET📉________________________
EURNZD Sell a break setup.EURNZD - Intraday - We look to Sell a break of 1.5898 (stop at 1.5935)
We have a Gap open at Monday from 1.5870 to 1.5910.
A break of bespoke support at 1.5900, and the move lower is already underway.
A higher correction is expected.
Daily signals are bearish.
Our profit targets will be 1.5801 and 1.5781
Resistance: 1.5940 / 1.5970 / 1.6000
Support: 1.5900 / 1.5870 / 1.5800