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Eurnzdsell

EURNZD Buy Limit AnalysisHey Traders, I was doing my setups for this coming week, and I figured I would share this with you all. I will be placing a buy limit when markets open if this still looks positive. This analysis is based on Price Action, TDI indicator, and Volume. Information: Order type-Buy Limit Entry-1.83764 Take Profit-1.99331 Stop Loss-1.82729 R/R-1:15 On the 4h chart, we see a bullish pennant forming. This is one of my favorite patterns to trade as it allows me to get my stop loss as tight as possible. We also see a support level outlined in the neon purple that price has been respecting. Combined with the bullish pennant, it signals to me a move to the upward is next. Looking at my TDI indicator, I see a clear buy signal as the slow-moving ma is just now crossing over. What makes it a very strong signal is the fact that the crossover occurred below the 50 level, which indicates that a powerful move upward is coming. When a crossover occurs higher, it usually indicates a signal of less strength, according to my backtesting. Looking at my Volume Accumulation Percentage Indicator by Lazybear, I see that the bearish selling power is subsiding and that the bulls are gaining strength. I use this indicator primarily as a confirmation indicator to my TDI, which leads to fewer fakeouts. Use this as a trade idea only and trade off your analysis. Let me know what you think in the comments and leave alike. If you have any questions, ask below, and I will get back to you! C.D.
Long
by cdavis1992
1
EURNZD- Short from 50% Fibonacci, Key Resistance and TrendlineEURNZD is keenly approaching my Entry zone that lays at the 50% Fibonacci aligned with my key zone and the well respected Trendline. Upon the retest of these Technicals i'm going to go short. Tomorrow there is an interest rate decision coming from the ECB (European Central Bank) at 12.45 GMT, meaning you may want to be careful entering and maybe await a higher push to the upside before entering as it may wickfish early sellers. As the BOE and Fed cut interest rates this foreshadows the same to potentially occur with the ECB.
Short
by Kaidk
2
Panic and fear propels EURNZD to new highs, Sell HigherDramatic sell-off in Wall Street has led to a sharp decline in the value of risk assets such as AUD, NZD and CAD. However, we can uncover potential opportunities amidst this panic environment. EURNZD is already up by over 800 pips in the last 10 days and it is expected to continue its uptrend a little more. However, soon it will face stiff resistance as I have indicated in my chart. So, smart traders will place sell limits in the resistance area at 1.7910-1.7980 with SL above the resistance area. If the sell set-up is valid, we can take profit at 1.67 area
by YourLazyTrader
12