NZDEUR trade ideas
EUR/NZD on 1 Hr, wait for confirmationAbout me:- Your scammer demo forex guru is back!! I lived in the stone age era & gained immortality by slaying a Ninja Dragon & his unicorn friend about 2.6 million years ago, then the ninja dragon's master challenged me to fight him for his time travelling rainbow coloured shining sword & his rented Ferrari, of course after beating him as well I used his travelling sword along with rented ferrari came down here in the modern age of 2020, sold his ferrari and managed to gather some money for this trading.
Disclaimer:- Don't Listen to me, I'm not a financial advisor
EURNZD ENTRY FOR NEXT WEEKEURNZD ENTRY POINT GIVEN BASED ON SWING BREAKS. ITS VERY SIMPLE EFFECTIVE TRADING METHOD AS A SWING METHODS. COMMENT BELOW FOR DOUBTS OR SUGGESTION.
What's happening ?How do you think guys ? are we low or high ? Hard to say without volume but there's more things.
EURNZD - SHORT- HoverPrice has formed a ascending channel and has already formed the 1st correction which is a hover that has formed before the break to go short.
Keeping in mind there is always a possibility it can go higher up before the drop.
Either way my bias remains SHORT.
EURNZD likely to keep up with the Momentum and go further LongDue to downfall in New Zealand Dollar, EURO is currently going bullish against NZD and is likely to keep up with the momentum till Resistance (R1) Point.
Short if price breaches the triangleThe assumption is based on the daily trend chart, MACD and VWAP.
Don't miss the great buy opportunity in EURNZDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.7333). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.
Take Profits:
TP1= @ 1.7577
TP2= @ 1.7755
TP3= @ 1.7980
TP4= @ 1.8295
TP5= @ 1.8629
SL= Break below S2
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EUR/NZD broke the ranging level on 1HR!!EUR/NZD was ranging & now has broke the range level creating a big green candle & a new zone. Keep an eye on this zone, its fresh and if the price comes again to this zone to test, there is a probability it would shoot up!
This is only for educational purposes & I aint any financial advisor. Control your risk, its very important, always use a stop loss.
let's short together! :)Looks bearish to me, I feel it'll be a successful retest! Targets and stop loss is on the chart! :)
EUR/NZD Long or Short get readyHi traders,
The probabilities to be in the short direction is hight base on the direction of the indices, at the moment all the indices they are on the recovery because of the idea of 2 trillion from the USA into the economy. Them you can see that they do non stop to send positive idea for investors to get into stock again.
Now, in my opinion, is not clear that is why you have the two direction levels.
Because they say will be adding 2 trillion on the economy but not yet.
