EurNzd Long at 1.65669 TP- 1 1.66040 SL - 1.64948
EURNZD is holding well above the 4H EMA. In my opinion, long entries at 1.6725 for targets of 1.6850 and 1.7040 seems plausible. Stops would be placed below 1.6650 if I decide to take this trade.
#3 I leave this chart for educational purpose because I really didn't enter here but i definitely traded it in my demo acc. Confluence 1: Formation of a perfect head and shoulder. Confluence 2:Breakdown. confluence 3: Retest with a decent bearish candle. Stay humble. Stay blessed. Work hard.
TRYING TO LOOK FOR REJECTION AROUND 1.8072 AREA BEFORE ENTERING THE TRADE
I WANTO SEE SOME REJECTION AROUND 1.70705 BEFORE ENTERING THE TRADE
EUR/NZD EXPECT BUY STOP TRADE. TRADE : 1.66739 STOP LOSS : 1.64832 TAKE PROFIT : 1.68273 FOREX IN WORLD
Recent pullback enables the cross to gather momentum to trigger a new round of rallies. The pickup of the daily indicators indeed pleads for another test of the resistance at 1.6770. A break of this level would be needed to initiate a strong recovery to 1.6850, 1.6920 its 20MA and 1.7080 levels.Note that a drop below 1.6640 would pause our bullish view. The...
The daily oscillator has picked up, and the price manages to hold the parallel support zone, moreover the daily RSI recovering from the oversold territory. Last week the cross was seen to recover to 1.6680 ahead of the resistance at 1.6730. A breakout above the resistance 1.6730 could strengthen the upward momentum, with a new target the resistance levels around...
SELL EUR/NZD @ 1.6775 SL 1.6870 TP 1 : 1.6650 TP 2 : 1.6560
this is my analysis don't trade without any knowledge
Midterm forecast: While the price is below the resistance 1.7820, beginning of downtrend is expected. We make sure when the support at 1.7380 breaks. If the resistance at 1.7820 is broken, the short-term forecast -beginning of downtrend- will be invalid. Trading suggestion: Price is in the Trend Hunter Sell Zone (1.7480 to 1.7705). We would set sell orders...