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EUR-NZD

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
EURNZD has been awesome - now in a buyEURNZD - Buy position now valid. The entry price, SL and multiple TPs are shown on the chart. The last two trades have generated in excess of 700+ pips - crazy. 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 pow_removetheguesswork
EURNZD testing a minor structure 🦐EURNZD after hitting the monthly structure at 1.75 level started a move up. The market hit and retrace below the minor structure at 1.76800 area. IF the market will break and close above the daily resistance we can set a nice long 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.
Long
by InkyGrip
1
EURNZD Monthly, Weekly, Daily 🦐EURNZD on the monthly chart (upper one) has been moved inside an uptrending channel and market now testing the monthly structure (purple). On the weekly time frame we can notice that after the big spike up the price start a retracement move till the weekly structure (red) and then create a new leg up. In the lower right chart (daily) market after breaking the minor daily channel create retraced till the 0.786 fib level of the previous move. AT this level we have 2 possible scenarios, the market could test again and break the monthly structure or start a new move up as in the drawings. ––––– 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.
by InkyGrip
10