Eurnzdbuy
EURNZD Market Outlook | Alchemy FX Weekly Breakdown.EURNZD
Like EA looking very bearish on the higher timeframes. Shooting star on the weekly. On the lower-time frames there’s a bit more indecision in the market. I do favor more downside movement but we could pop up and retest highs before melting to the downside. Always keep in mind before huge moves there is usually a bunch of fake outs to stop out as many traders as possible before moving in the final true direction. Patience will be key we need to see how EN reacts, as stated I do feel if we get some strong downside pressure we could see EN completely melt.
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EURNZD - Buy NowIf you can see middle bollinger band works a support to the current candle in daily chart and there is support which is tested couple of time as well. RSI shows that once its touch the 50 level price move up accordingly.
TP's and SL is up to you all depend on your account.
Note: Trade at your own risk. Fundamentals are not involved in this analysis.
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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