EURNZD SS Post News Long Trade + 100 Pip Potential

Long

Euro / New Zealand Dollar (OANDA:EURNZD)

Updated

OANDA:EURNZD Euro / New Zealand Dollar

supportandresistance mtfa indicator ichimokukinkohyo ichimoku_trader newstrade eurnzd eur nzd

We had a good push up on the Eur pairs on ECB rate decision and Press conference. This pair has now gone into a consolidation between 1.6752 (High) and 1.6698 (Low). Moreover, it is now above the 60 and 15 clouds, as well as the 60 KS and 15 KS
Entry = 1.6699
Stop = 1.6679
Risk = 20 pips
Profit target = 1.6799
Reward = +100 Pips
RRR = 5-1
Once this trade is up + 25 pips, move your stop to breakeven and let it run.

I would appreciate if you leave a comment or like as a thank you
Have a great weekend!
Allen

Comment:

Just to be clear, you can trade the breakout above with an entry of 1.5658 BUT only AT or AFTER the European open at 2 am est. (indicated by the red dotted vertical line). Please do not enter a breakout trade before the European open.

Order cancelled:

Unfortunately this pair has done nothing and New York is now open. I am going to cancel this trade at this time.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.