EURNZD: Try to Short this interesting daily Channel!
Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the EUR/NZD, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
Since the last April, the price has been following an interesting downtrend, shifting few times the value area.
Analysing the last bullish intraday impulse, the market got a good corrective move around the price control (usually expected considering the price control as an area with high trading activity).
In lower timeframe, is possible paying some attention on the last impulse, that compared with the previous one is definitely losing momentum.
However , although the price reached a previous key level formed on September 2021, the price could get some more move up till the higher line of the value area.
When, where and why would I step into the market?
Considering a daily downtrend with the most trading activity on the lower value of the area, I would be looking for a short term position.
The intraday impulse seems exhausted , but before planning my short position, I will be waiting for the price to reach the higher value, clearly looking for a rejection and reversal price action with a RRR of 1:2 or greater.
My SL would be placed above the swing high (in case of good rejection) and the first TP around the price control.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies.
Daily timeframe:
4 hours timeframe:
Since the last April, the price has been following an interesting downtrend, shifting few times the value area.
Analysing the last bullish intraday impulse, the market got a good corrective move around the price control (usually expected considering the price control as an area with high trading activity).
In lower timeframe, is possible paying some attention on the last impulse, that compared with the previous one is definitely losing momentum.
However , although the price reached a previous key level formed on September 2021, the price could get some more move up till the higher line of the value area.
When, where and why would I step into the market?
Considering a daily downtrend with the most trading activity on the lower value of the area, I would be looking for a short term position.
The intraday impulse seems exhausted , but before planning my short position, I will be waiting for the price to reach the higher value, clearly looking for a rejection and reversal price action with a RRR of 1:2 or greater.
My SL would be placed above the swing high (in case of good rejection) and the first TP around the price control.
If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses!
Trade safe and responsibly,
Gianni
DISCLAIMER
Please note the views are not investment advice and should be used only for educational purpose
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