EURNZDPrice action has been strongly bullish, with an impulsive push to the upside that took out a weekly high. That may have completed the price objective, which is why I’m now expecting a potential drop. A structure shift has already occurred and an entry was available, though I didn’t take it.
For now, I’ll stay on the sidelines and watch price action. If price reaches the demand zone, I’ll look for confirmation to get into longs. There’s also a large inefficiency/price void that could be filled on the way down. Let’s see how this pair develops — just sharing a possible scenario.
EURNZD
EURNZDEURNZD Market Outlook
The price on EURNZD has recently approached the 4H Supply Zone around the 1.96000 level and has flipped the short-term bearish structure, indicating potential bullish momentum. However, given the presence of supply, I'm monitoring the possibility of a retracement from this zone.
My primary scenario involves a short-term rejection from the 1.96000 Supply Zone, targeting a move down into the 1.94000 Demand Zone. From there, I will look for a sell-to-buy setup, with the intention of positioning for a larger upside continuation, provided bullish order flow confirms.
Alternatively, if buyers prove to be significantly strong and supply fails to hold, price may break through the 1.96000 zone and extend higher towards the daily wick area near the 1.98000 level.
Both scenarios remain valid depending on price action and volume behavior at key levels.
Will be watching 15min structure before entering any trade.
EUR/NZD Wave Structure Shift: 4th Wave Correction in ProgressThe 3rd wave in EUR/NZD appears to have been completed, and the market seems to be entering the 4th wave. There is a possibility that the 4th wave could take support near the Fibonacci 0.5 level (1.19164). After that, the 5th wave of the impulse phase may move upward.
If the market falls below 1.98303, it would confirm the beginning of the 4th wave. In that scenario, the first target could be around 1.95907 .
EUR/NZD 4-Hour Chart AnalysisKey Observations:
1. Support Zone:
- The price is currently testing a key support zone around 1.82880–1.83160.
2. Uptrend Break:
- The ascending trendline has been broken, indicating a potential shift in momentum from bullish to neutral/bearish.
3. Trading Ranges:
- Resistance Above: Potential resistance is visible near 1.8450–1.8500, in case of a bullish recovery.
- Support Below: If the price breaks below the current support, the next levels to watch are:
- 1.8143 (intermediate support).
- 1.7986 (major support).
- 1.7806 (long-term support).
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Trading Scenarios:
1. Bullish Continuation:
- If the price holds above 1.8315, a bounce toward the previous highs near **1.8450–1.8500** is possible.
- Entry: Above 1.8350.
- Targets: 1.8450, 1.8500.
- Stop-Loss: Below 1.8300.
2. Bearish Breakdown:
- If the price closes decisively below 1.8315, it could trigger further downside toward 1.8143 and possibly lower.
- Entry: Below 1.8300 (watch for retest).
- Targets: 1.8143, 1.7986, 1.7806.
- Stop-Loss: Above 1.8350.
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- Be cautious of false breakouts and wait for confirmation (such as a strong candle close) before entering trades.
- Use proper risk management with defined stop-loss and target levels.
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Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
EURNZDLet's look at EurNzd for the next week. As you can see price made a nice push up and now naturally I would like to see the retracement back into the Demand zone. I will monitor the charts and check if I can get into any sell-to-buy setups - meaning selling before looking for buys into the Demand zone. ( that way I can position myself better ) Again what I need to see for my setup to become valid is a 15-minute structure flip/break. Nice setup overall.
Let's patiently wait and see what next week will show us.
EURNZD SellDISCLAIMER: The Company accepts no accountability or obligation for your trading and speculation results, and you consent to hold the Company innocuous for any such outcomes or misfortunes. We are not financial advisers or account managers; We are Forex traders. The recordings on this channel are rigorously for educational and amusement purposes. Trading Forex implies dangers, and you can lose all your venture ; consequently, you exclusively must take a chance.
EURNZD BULLISHEURNZD BULKISH FORECAST
ACTIVE ON H4, D1, & W1 AND MAY KEEP GROWING TILL 2023
EURNZD has been trading within ranging boundaries from 1.60771 to 1.82200 all during the time of Sep 2018 to sep 2022 weekly TF gave this view.
Market has respected these zones, but we have falling trend channel which as well been respected since 1.87929 to the lowest level of 1.56209.
The issue is that now, the falling trend channel has been broken, I expect retest between 1.71273 to 1.69959.
The target in this idea is major resistance level at 1.79972, f 5 price keep growing may break the resistance 1.79972 for another major support level 1.96840.
Inverse head and shoulders:
I've noticed the inverse head and shoulders all within the trend channel.
Cup and handle:
I've also note the cup chat pattern from the area 1.69576, 1.58861 and 1.7000, we expect breakout from the handle boundary for bullish run.
ECB HAS BEEN HAWKISH, BUT COULDN'T LIFT THE EUR NOW, BUT TECHNICALLY SPEAKING, IT'LL SPIKE UP WITH THIS IDEA
If the price trade below the broken trend channel.