EURNZD - All Confluences Pointing To Bullishness!
Updated
Analysis:
Comment:
All of the confluences factors that we pay attention to are pointing to bullishness on this pair which is why we have a overall bullish bias.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
- Strong upwards trend (bullish bias)
- Retest of a key level (bullish bias)
- 50% fib retracement touch (bullish bias)
- Upwards trendline touch (bullish bias)
- EUR strongest major currency (bullish bias)
- NZD 5th strongest major currency (bullish bias)
- 40K long position increase for the EUR (bullish bias)
- 2K short positions increase for the NZD (bullish bias)
Comment:
All of the confluences factors that we pay attention to are pointing to bullishness on this pair which is why we have a overall bullish bias.
Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We any comments at all so thank you!
Stay Safe - The JPI Team
Disclaimer:
This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
Trade active
With our entry requirements met and our order being filled we are now long on this pair. With the strong bullish bias that we have, we expect to see price continue its move to the upside.Trade closed: target reached
Trade Closed
(+2.12R) Made
After Trade Comments:
This trade required a lot of patience as price kept going up then back down then up again and so on, however this shows the importance of sticking to your strategy, trusting your plan and patience. You set your stop loss and take profit where you did for a reason so until it hits either of them leave the trade alone! You need patience if you want to be a trader and this is exactly why. Overall this was a decent RR trade that we're happy with but like always, onto the next!
Stay Safe - The JPI Team
Disclaimer
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