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Eurnzdsell

EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD Looking at EN now still pushing down because of NZD strength. Our previous short from about 9 weeks ago is now +1000 pips. I hope you learned how powerful taking partial profits while trailing your stop loss properly can be. This is why I love swing trading, that being said I feel swing trading paired with taking intraday set ups is even better. I do believe that EURNZD is over extended and I believe that we should be slowing down soon. Although I think we may even come all the way down to retest 1.65 before that happens. Keeping a very close watch on this pair, after such a colossal push to the downside I am anticipating a retracement should occur within the near future. Still going to wait patiently there has been no true signs of a reversal just yet. I feel we are going to push lower to 1.65 and if we reject hard of that support we could pull back to 1.70 and maybe even higher.
by Layne_LV
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD HAPPY HOLIDAYS! Not much movement at all today which is to be expected. I do believe we could be bottoming out soon. It is still too early to tell. Again this is why swing trading is so powerful, from our previous EN short we are now nearly +1000 pips on a single trade. Swing trading paired with intraday hedging can increase your profits substantially. If I see any changes in the current market conditions I will update you all as always! Again happy holidays remember to spend time with loved ones doing what you love to do!
by Layne_LV
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD EN looking like we may be climbing to the upside. Choppy movement with EN recently, that being said right now it is looking like a good long. If we sustain above 1.70 we could start climbing up to 1.71 and higher. I will be looking for a pull back for clean entries. I feel if we could get a strong bullish 2 hour candle we could see this pair really take off! This could turn into a long term trade. Keep in mind that overall we are bearish, but I am favoring upside movement
Long
by Layne_LV