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Eurnzdsignal

EURNZD Sell with 3 confluences listed List of confluences: 1: Trendline Breakout and close 2: Breakout and close Key Level around 1.6582* on Daily Chart required as confirmation. This will mean change in market structure and new low created. 3: Head and Shoulder Pattern which can be seen on both the Daily Chart and The Four Hour Chart. Summary: This trade has a potential Risk Reward (RR) of 3.62 to 1. We will only look of entries on the retest of key level 0.7184*. The trade will be executed either using manual entry or pending order, depending on the location of price after the breakout. The trade could be a RR +- 6 to 1, but we looking to trade about 60 - 65% of the move as there is a much higher chance of out T.P getting reached with a good RR. We do not want to stay in trades too long as anything can happen. If we get stopped out, will look to other currency pairs for setups and only look at EURNZD next month.
Short
by NDOBObanks
3
EurNzd- Could challenge 1.7 soonAfter a month of accumulation and range trading, EurNzd has broken above 1.63 resistance, accelerated gains, and has passed also above the next important resistance around 1.66-1.6650 zone. Now the pair took a break, is resting and we can have a new leg up pretty soon. My next target for this bullish move is 1.7 and, as a buy zone, the old resistance, now support, between 1.66 and 1.6650 is ideal I will remain strongly bullish as long as the price is above 1.65
Long
by Mihai_Iacob
19