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!!
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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.
EURNZD Trading Plan - 18/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go up after this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea
EURNZD Trading Plan - 04/May/2022Hello Traders,
Hope you all are doing good!!
I expect EURNZD to go UP after finishing this correction.
Look for your BUY setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea