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Eurnzdsell

Perfect AscendIng Broadening Formation!!!A long term trade, its a great opportunity for risk takers with at least 60 pips in profit. Stoploss around 34 pips with a 1:2 ratio in profit Macd is showing selling pressure with RSI also showing divergence The strong Resistance level is between 1.68-1.68100 which can also play as a rejection level, moreover strong support is around 1.65900. NOTE- DYOR before investment, this chart is for educational purpose only Please like, share and comment. Twiiter: twitter.com Telegram: t.me
Short
by setrader33
EURNZD Is Drawing a Pattern That Should Scare the BullsThe Daily chart reveals something that should make the bulls feel uncomfortable. It shows that EURNZD’s massive decline from October 2018 high at 1.79337 to December 2018 low at 1.63279 took the shape of a textbook five-wave impulse. The pattern is labeled 1-2-3-4-5. EURNZD Bears Remain in Control According to the theory, the impulses point in the direction of the larger sequence, and a three-wave recovery in the opposite direction follows every impulse pattern. This means that once the corresponding A-B-C expanding flat correction in wave (B) is over, another decline in wave (C) can be expected. The resistance area around 61.8% Fibonacci level and the blue box zone is where a bearish reversal is likely to occur. However, even if the bulls manage to lift the price of EURNZD higher, the bearish outlook remains valid as long as the high/starting point of wave (A) at 1.79337 is intact. If this count is correct, traders should not put too much trust in EURNZD bulls right now and start to take profit in the blue box, especially given that wave (C)’s targets lie below wave (A) low at 1.63279. Did you like this analysis? Kindly let me know in the comment.
Short
by Veejahbee
8
EURNZD: Price Action For More Short MomentumWelcome traders, to this new trading idea! We are looking at the EURNZD pair on the daily chart right now. Last week we saw a trend reversal with a massive bearish momentum to the down side. As we look on a higher timeframe, we expect the new trend to establish and look for a potential reversal to enter this trade. A potential entry point for this short is 1.71350, where we marked the arrow. After that with a confirmation we will be entering an order. We will keep you guys updated in the comment section how the pair moves and when we enter a trade. Wishing everyone a great week and happy profits!
Short
by darian_fx
4