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Eurnzdtradeidea

⭕SELL EURNZD at the best price and area🧨👌🔰You can see the analysis of Euro to New Zealand dollar in the four-hour time frame (EURNZD _ 4H)🔍 💥According to the black🖤 downward trend line as well as the supply zone, the best area and price to sell this currency pair is in the overlap of these two areas🧐and we can expect the price to fall to the support🧡 line❗🔻 I hope the analysis was useful for you🤍🌹 📌Please introduce "TRADER STREET" to your friends 🙏🏻 ____________📈TRADER STREET📉_______________
Short
by TRADER_STREET
EURNZD Confirms Uptrend, but Correction is LikelyThe EURNZD 4 hourly chart above visualizes the advance between July and August 2. More importantly, it reveals that the rally is a textbook five-wave impulse. The pattern is labeled (i)-(ii)-(iii)-(iv)-(v). According to the Elliott Wave principle, this means two things: first, that EURNZD is in an uptrend; and two, that a three-wave correction can be expected before that uptrend resumes. However, if the count above is correct, it makes sense to expect a decline to wave (iv) low in the mid-term. Long positions in this area would not provide a much better risk/reward ratio than currently available. - Invalidation level is the red line on the chart - Entry is the green line which has not been triggered. What is your view on EURNZD? Thanks for reading! Veejahbee.
Short
by Veejahbee
2
Setting up on EURNZD# Price has reached the previous swing high # Resistance level is holding (so far) # Did you see the massive double bottom? Price is at the neck line now The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things: 1. Break through resistance, possibly test resistance as support and push higher towards 1.7700 or 2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher or 3. A sell off takes place and price cruises back down to the 1.64 support area Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below. Please visit my website using the link below if you would like to join my mailing list. I email out trade set ups, strategies and training from time to time and there is no fee so feel free to take advantage. I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
by Cmasterza