Get started

Eurnzdsell

Are You Ready to Capitalize on the 1.822 Resistance Level?Examining the Monthly and Weekly charts, it's clear that this pair is on the verge of some critical areas on the higher timeframes – an exciting potential for spotting favorable selling opportunities. The first hotspot revolves around the Monthly resistance area at 1.822. Remarkably, just yesterday, the price came incredibly close to tapping this level. It's intriguing to consider if this might have been a clever stop-hunting maneuver, especially considering the price's swift pop above the previous resistance at 1.80500, followed by a prompt sell-off. To visualize this, take a glance at the image below This could well be the turning point for a more pronounced correction, though I'd certainly wait for confirmation. It's worth noting that the price has managed to stay perched above the 1.805 level, hinting at the possibility of an upward thrust, even aiming above 1.82. Explore this perspective in the image below Personally, my optimal approach involves patiently awaiting a price climb to 1.82, then making use of my TRFX indicator. I'd only dive into the trade once the Daily chart signals align with my strategy. Additionally, I'll be keen to spot any potential Daily signals within the present levels. As for potential targets in this trade, my sights are set on the former swing high resistance, now transformed into support, positioned at 1.75. This level is poised to attract considerable buying interest and could act as a strategic regrouping point for buyers, potentially fuelling the market's push toward the subsequent resistance region at 1.86. This also signifies the commencement of a Monthly supply/sell zone. Thus, I'm eyeing around 1.75 as my initial profit target, anticipating some sort of buying surge or a wave of profit-taking. If a subsequent response unfolds, wherein sellers regain influence and buyers struggle to secure new highs, there's potential for a more substantial retreat towards the 1.70 territory. This aligns perfectly with a Monthly demand/buy area. See a chart visual below I realize my posts might be a bit exhaustive, but dissecting my chart observations is my way of refining my trade ideas. Hopefully, this account proves both enlightening and insightful. Happy reading and trading!
Short
by TheFxAce
12
EURNZD I Bearish divergence and wick failureWelcome back! Let me know your thoughts in the comments! ** EURNZD Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
22
EURNZD LONG TERM SELLING IDEAHello Traders In This Chart EURNZD DAILY Forex Forecast By FOREX PLANET today EURNZD analysis 👆 🟢This Chart includes_ (EURNZD market update) 🟢What is The Next Opportunity on EURNZD Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
20 REASONS FOR Sell EURNZD🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The market structure is extremely bearish, with all yearly imbalance areas filled. There is a strong downward momentum, and a long wick candle on the yearly timeframe suggests further downside potential. Overall, the bearish sentiment prevails. 2:📆Monthly: The monthly timeframe shows a significant entry opportunity that has the potential to recover previous losses. After tapping the monthly order block, an impulsive bearish move started, and the target for this long-term trade is set at 1.5788. Selling and holding the position is advised due to a big momentum candle engulfing previous price movements. 3:📅Weekly: While the weekly structure is not yet fully bearish, we know that prices have filled out important monthly areas. Therefore, we are currently seeking sell entries from this point. 4:🕛Daily: The daily breakout of consolidation (BOC) has occurred, confirming the monthly rejections. We are now waiting for a bullish correction to occur at a resistance level where we can enter a sell position. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Bearish internally, external confirmation pending (waiting for monthly confirmation) 6: 2 Pattern Candle Chart: Inside bar pattern suggests a potential reversal towards the order block 7: 3 Volume: Bearish volume is observed 8: 4 Momentum UNCONVENTIONAL Rsi: RSI is in a super bearish zone, below 40 9: 5 Volatility measure Bollinger bands: Currently showing low volatility 10: 6 Strength ADX: Bears are in control, indicating strength 11: 7 Sentiment ROC: EUR is weaker compared to other currencies ✔️ Entry Time Frame: Daily 12: Entry TF Structure: Bearish 13: Entry Move: Impulsive 14: Support Resistance Base: Monthly order block tap 15: FIB: Fibonnaci retracement levels applied ☑️ final comments: Sell 16: 💡decision: Short 17: 🚀Entry: 1.7222 18: ✋Stop Loss: 1.7601 19: 🎯Take Profit: 1.5788 20: 😊Risk to Reward Ratio: 1:7 🕛 Expected Duration: 2 months
Short
by Optimum369
EURNZD - MARKET SENTIMENT WITH TRADE IDEA#EURNZD Currently, according to the CURRENTLY STRENGTH, the EUR is slightly UP. The reason is that ECB RATE HIKE SENTIMENT is PRICE. The ECB is getting HAWKISH. Also, the NZD is going up a bit more than the EUR right now. Due to the OVERALL MARKET RISK ON, COMMODITIES are going up a bit, so NZD is going UP.. Due to this, EURNZD is going down a bit. EURNZD can go up to the resistance area before going down again. So keep an eye on it. If any MARKET SENTIMENT changes, EURNZD can go up to 1.7719 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6787 LEVEL. So stay tuned for MARKET UPDATES
by benny_marshall