EURNZD Counter Trend Buy IdeaEN has been flowing in a heavy downtrend but has now created a new high, will wait for price to come back and retest the previous resistance level as support. Overall trend of this market is still bearish so I will be looking to closing positions at the previously broken swing low
Eurnzdlong
EURNZD buy ideaDisclaimer - Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
EurNzd outlookAs I've expected, EurNzd found a top at 1.82 area. The pair drop aggressively after a few attempts to reconquer 1.81 and mow seems to have found support at 1.78.
A correction could follow from this point and 1.7950 is now resistance.
Strategy:
Buy short term towards 1.7950 with SL under the recent low.
Wait for correction to end and sell for a continuation of the drop to 1.77
Do you keep LOSING? I know why!1.79000 is the magic number on this pairing, yes you guessed it good old simple support and resistance level... See how simple it really can be? I hope i am drilling it into you that SIMPLE REALLY IS BETTER!
Do you find you keep losing and cant turn a profit in the markets? i hold all the answers. This is down to your mindset that has been programmed rite from the moment you were born by the people closest to you. They didn't mean no harm and probably didn't even know they were doing it, but i can help rewire you mind!
Come have a chat with me, i look forward to speaking!
EUR/NZD BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
EUR/NZD: Daytrade-Preparation
Market-Buy: 1,80710
Stop-Loss: 1,80250
Target 1: 1,81130
Target 2: 1,81400
Target 3: 1,81780
Stop-Loss: 46 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,40
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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