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EUR-NZD

EURNZD TRADE IDEA - START OF A NEW TREND TO THE UPSIDE ?EURNZD Trade idea using our strategy tool, entry still valid. Time to go? Let's see... OUR STRATEGY EXPLAINED: The entry price, SL and multiple TPs are shown on the chart. Our back testing and money management strategy itself is holding until a reverse signal to ride a big trend, but as you will not see the next signal - manage the trade as you wish should you decide to enter. What is our strategy? Our strategy is a trend following strategy, can be used on any instrument and time frame. However, we have hard coded specific parameters for when trading the H1 time frame, so we can back up over 4200 previous trades to confirm our edge from previous data. This gives us confidence in execution and belief in our trading strategy for the long term. The strategy simply sits in your trading view, so you will see exactly what we see - the trade, entry price, SL and multiple TPs (although we hold until opposite trade as this is the most profitable longer term plan), lot size, etc. This could be on your phone trading view app, or laptop of course. The hard work is done, so we have zero chart work time, no analysis, no time front of the chart doing technical analysis - technical analysis is very subjective - you may see different things at different times - how do you have a rigid trading plan on a H&S shoulder pattern? Your daily routine, diet, sleep, exercise can affect what you 'see' and your decision making, this doesn't happen when a strategy is coded like this; what we do have is a mechanical trading strategy... What does this mean? It means, we are very clear on our entry and our exit and use strict risk management (this is built in - put in your account size, set your risk in % or fixed amount and it will tell you what lot size to trade!) so we have no ego with our position and we are comfortable with all outcomes - its simply just another trade. This free's our mindset from worry and anxiety as we take confidence from knowing our edge is there and also that we have used sensible risk management. The strategy itself can be used as a live trading journal too - how cool is that? The strategy will confirm and support every open and closed position - so its quite easy to follow. We just have to do what Percy does. Please see our related ideas below for more information to explain what we do and how it can help you.
Long
by RossTyler
4
EURNZD: Price Action & Potential Bullish Continuation Very important higher high higher close on daily on EURNZD. after a consolidation within a wide trading range, the price formed a higher low, and then it managed to break through a strong resistance cluster. now the broken resistance area serves as support. I will be looking for a reversal pattern on a lower timeframe to buy the market from it. next goal will be 1.81 (remember that the safest entries are always on lower t.f / be patient and wait for a signal there to get low-risk opportunity)
Long
by VasilyTrader
20
EURNZD 4h analysis 🦐EURNZD on the 4chart retraced back till the 0.618 fib level of the previous bullish leg. Market is currently testing the minor resistance at the top of the minor descending channel or bull flag. If the market will break and close above it we can set a nice long order according to Plancton's strategy for the new impulse. ––––– Follow the Shrimp 🦐 Keep in mind. • 🟣 Purple structure -> Monthly structure. • 🔴 Red structure -> Weekly structure. • 🔵 Blue structure -> Daily structure. • 🟡 Yellow structure -> 4h structure. • ⚫️ Black structure -> >4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Long
by InkyGrip
14
EURNZD Long TradeCaught a nice long trade on EURNZD today. Price returned to an area of the price action (blue rectangle in between support and resistance) at 1.76473. Around this level, we have seen bullish momentum occur and so this is a level to keep an eye on. Once I received confirmation of rejection at this level (Close bullish 4H candlesticks) I entered a long trade at 1.7681. As price neared the 200 day EMA I monitored my position closely in case we saw the bullish momentum turn bearish. Often, the price may reach the 20 day EMA and reject.
by francesgurton
EURNZD a short outlook? 🦐EURNZD after hitting the 1.82 area started a retracement move. Price hit the recent lows in the zone of 1.75 and got pushed back up, creating a bear flag over a 4h support. IF the price will manage to break below the structure and consequently break the flag we can set a nice short order according with Plancton's strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Short
by InkyGrip
8