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EURNZD-LONG

EURNZD Long 280PIPS!Hello traders, today we have ourselves a lovely EURNZD Long trading idea. This trade idea is based off the fact we are expecting EURO strength next week and NZD weakness making EURNZD move in a bullish direction. This trade idea is based off many factors - Firstly, the price action is in a small bearish correction during its bullish impulse and is currently in a structure level followed by a fib level. This has given us a very strong indication of a reversal and we are looking for a reversal pattern in the lower time frame to secure our entry. Please check out my other trading ideas and be sure to like & comment!
Long
by Pips-Collector
EURNZD LONG 360 PIPS!Hello traders, today we have a lovely setup for EURNZD , this trade is a rentry from our first analysis. You can see where the first reversal was identified after the break of the bearish trend. For this entry I have gone for a larger risk then normal so I will use a smaller lot size for this to lower the risk all together. Our overall target is 360 pips profit, with a 45 pip risk making the R:R 1:8 which is still rather high considering we are using a larger risk. Feel free to leave a comment and like and be sure to follow so you can keep up to date with my new ideas.
Long
by Pips-Collector