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UnknownUnicorn180388
Dec 9, 2018 4:55 PM

EUR.NZD - High RR, High Probability Long

FX:EURNZD240
Euro Fx/New Zealand DollarFXCM

Description

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Currency Pair: EUR.NZD
Time Frame: Weekly, Daily & 4hr
Predicted Direction: Long

EUR.NZD updates will be available in the comments section below.

The brief trade analysis presented above is my predicted direction and requires multiple different indicators and confluence factors prior to validating a trade opportunity.

Comment

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This setup is now providing a clean consolidation period, i will be watching the 1.6540 level for deceleration.

Trade active

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Comment

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Trailing stop loss now in place.
Trend AnalysisChart PatternsTechnical IndicatorshallandcotradingtomhalltomhallforexEURNZD
Comments
fazliddin424
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Are we going to retest the bottom?
UnknownUnicorn180388
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@fazliddin424, We simply tested the support which we placed our stop loss below, price found strong support at the 61.80% Fib and descending trendline and now in healthy profit.
fazliddin424
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Now closed with 3k profit! Well done everyone.
UnknownUnicorn180388
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@fazliddin424, Big congratulations!
PiotrWoz
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On Daily & 4 H - Do You Expect a bounce from downtrendlingline Tom ?
UnknownUnicorn180388
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@PiotrWoz, Sorry for the slow response, i did yes we protected our stop loss below all key support levels.
PiotrWoz
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on 4 h we do have now a blue pinbar - Thanks Tom i try to learn from you :-)
UnknownUnicorn180388
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@PiotrWoz, We still have another 1:30 hrs until the candles closes so i will take a better look in the coming hours.
curtisdeaton
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Thank you!
UnknownUnicorn180388
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@curtisdeaton, My pleasure :-)
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