Eurnzdbuy
EURNZD - FOREX - 05. SEPT. 2019Welcome to our weekly trade setup ( EURNZD )!
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1 HOUR
Consolidation in smaller timeframes.
4 HOUR
Market found its support and need a pullback now!
DAILY
Overall bullish market with a bearish pullback and great long entries!
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FOREX SETUP
BUY EURNZD
ENTRY @ 1.73200
SL @ 1.72310 (85 Pips)
TP @ 1.74710 (150 Pips)
RR: 1.70
Use 1%-2% risk per Position!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Long EURNZD 7-21-19As we see on the H4 chart on EURNZD we see that it has been in a previous downtrend then uptrend and as we look at the chart we see that pattern possibly starting to happen again and we are also oversold on the RSI after it has been in a downtrend again so we may see a possible uptrend soon to come.
EURNZD BuyAfter a 471 pip move to the downside, EN is set for a nice correction. The daily MACD shows the sell losing strength. The 4hr buy is losing strength as well. However, the 1hr just crossed for a buy and once it retests, we will enter. Both the 15min and the 1hr EMA's were broken but waiting on retest b4 entering.
EURNZD approaching support, potential for a bounce!
EURNZD is expected to drop to 1st support at 1.66912 where it could potentially react off and up to 1st resistance at 1.68917.
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EURNZD LOOKING GOOD FOR A BULLISH EXTENSION I previously marked up EURNZD with a bullish prospective ( i have attached the previous mark ups). Price recently broke out bullish after respecting support.
Price is currently moving bearish into what i would see as a retracement. So price has the potential to reach the support i have marked at the grey price line which is also our entry and move bullish again.
Entry - Grey line
Stop loss - Red line
Take profit - Green line
Happy trading all
EURNZD TO KEEP GOING LONG I previously did a daily mark up on this pair and in my opinion, this pair is bullish. I have attached the daily mark up on below. We may see price retrace to the price level i have marked with the grey horizontal line and then move toward our take profit (green line). We also have bullish divergence forming.
I would recommend only risking 1% on this trade.
Stop loss - Red line
Take profit - Green line
Happy trading.