EURNZD SHORT TRADE IDEAWEDNESDAY, 1st JULY 2019
#EURNZD SELL
ENTRY = NOW AROUND 1.68900
SL = 1.69500 (-60 PIPS)
TP = 1.66500 (+240 PIPS)
Disclaimer On
PLEASE USE YOUR OWN MONEY MANAGEMENT RULES
Your Money is Your Own Responsibility
Eurnzdtrade
POSITIONS FOR LONG EURNZD- Trading Roles in my strategy ;
-The First Entry Will Be 2% OFF THE CAPITAL
ALSO THE NEXT ENTRIES.
In The 3 Entry, We Reste Looking for EQUALITY OF TRADES And For Closing All The Positions In 0 Pips Profits and Losses
-Telegram > FxShell
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.
Setting up on EURNZD# Price has reached the previous swing high
# Resistance level is holding (so far)
# Did you see the massive double bottom? Price is at the neck line now
The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things:
1. Break through resistance, possibly test resistance as support and push higher towards 1.7700
or
2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher
or
3. A sell off takes place and price cruises back down to the 1.64 support area
Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below.
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Technical short EURNZDClassic support and resistance setup. Now that the news is out of the way the markets can resume as per normal (man I dont like the news!)
Pins to resistance (and 21 ema) >> down trend >> so I am selling at market price 1.67450
I am targeting previous support @ 1.66322 and
placing my stop above the highs (using the 21 ema as a dynamic level for SL) @ 1.68390
Always exercise healthy risk management and dont bet the farm...
EUR NZD Long off 1.67000After a major drop on EN, we can see price bottoming out. I favor an upside move before potentially continuing further down. However, a break and Daily close above our TP2 could see this pair move further up to the 1.70500 range. For now, I hold onto my corrective bias. @earnwithwern
EUR/NZD TA 1/10/19EUR/NZD looks like a great short. It appears like we will be coming down to 1.689 very shortly if we can break that support level then we should easily fall down to 1.67
EUR/NZD Bullish Reversal SetupEURNZD, eurnzd accumulate for buying, commercials in eur short while nzd short 1k also increased. bullish divergence formed to long.
EURNZD - looking to go longFX:EURNZD
1. Price is approaching a major support level (last seen in Oct 2017)
2. Awaiting a buy signal to print
3. I will include conditions like price crossing 20ema if need be
4. This setup will offer a good risk to reward ratio
5. Watch out for a breakout or false breakout to the down side (the more times the level is tested the more likely it is to break)
More up side?Note the hammer candle that pinned the trend line on the daily time frame.
Price is just below the 200ema and the candle from Friday kissed the MA perfectly.
1. Price needs to print a bullish candle for today
2. 200ema needs to be broken to the up side
3. Using H4 for entry can be beneficial for a better risk to reward ratio
Buy EURNZD Short Term Based on H1 Harmonic Bullish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
