Akil_Stokes
Long

EURNZD: Potential Bullish Opportunity at Structure Support

FX:EURNZD   Euro Fx/New Zealand Dollar
As mentioned in a previous post, I try to make a habit of looking at pairs outside of my trading portfolio in order to stay sharp and work on my technical analysis skills.

Today I found a nice potential opportunity on the EURNZD             . Syndicate members I'll be talking about this setup in a little more detail in the video I'm about to produce for you, but essentially what I would be waiting for is a buying signal once we've been given confirmation that this level of support has importance.

I'm not sure if I'm going to do this or not, but keep an eye out for me on social media as I'm thinking about broadcasting the first 30 minutes of tomorrow's Live Trading Room session on Youtube. If that is the case I'll get the word out tomorrow morning for you.

Akil Stokes
Chief Currency Analyst & Head Trading Coach
www.TradeEmpowered.com -The Premier Online Trading Education Company
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Akil Stokes -Head FOREX Trading Coach at Trade Empowered
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"Plan Your Trade, Trade Your Plan"




FishMonkey PRO
9 months ago
I TP'd on a gnarly short at this support. Glad to see I'm not the only one that's looking for the possible long here
+1 Reply
Akil_Stokes TOP FishMonkey
9 months ago
Congrats!
Reply
juklangel11
9 months ago
interesting enough.. the 1.414 from the last leg down falls around that previous low structure.. good risk reward on that long.
+1 Reply
juklangel11 juklangel11
9 months ago
that is 1.6266..
Reply
Akil_Stokes TOP juklangel11
9 months ago
Nice
Reply
juklangel11
9 months ago
the legs down on the 4 hour are 200 pips on the way down... then 100 on the outside return.. very systematic so far.
+1 Reply
juklangel11
9 months ago
the only thing is...1.6125 is what i c as the real bottom for this sl...so laying small leverage would be indicated: you could break your lots or set the large sl..
+1 Reply
Akil_Stokes TOP juklangel11
9 months ago
I agree, I just brought that point up in the video and is also why in this particular situation I would wait for confirmation before entry. I've learned my lesson many times in the past about those sneaky double levels of structure. Good eye!
Reply
juklangel11 Akil_Stokes
9 months ago
tsk Akil. i like your angles and risk structure like fib levels and advanced trade patterns...that's the only way to create and edge amidst bank manipulation.
+1 Reply
juklangel11 juklangel11
9 months ago
also, ez trades in lock step inversely with kiwi, so in my view is a relatively simple pair to trade, also risk averse nature of this pair is also relevant. the only dettachement is on IR decision day...then it moves in lock step with the euro for 12 hours before going back to the mean after the deal runs..also is not expensive to trade mini lots ...
+1 Reply
juklangel11 juklangel11
9 months ago
sorry for the redundant "also"
Reply
Akil_Stokes TOP juklangel11
9 months ago
I just like to keep things as simple as possible and as Larry Pesavento says Trade What I See
Reply
Akil_Stokes TOP juklangel11
9 months ago
Thanks
Reply
pocckey PRO
9 months ago
good catch!
+1 Reply
Akil_Stokes TOP pocckey
9 months ago
Thanks
Reply
KamalFX
9 months ago
Nice trade Akil, everyone likes a pain free trade
+1 Reply
Akil_Stokes TOP KamalFX
9 months ago
You need those every once in a while
Reply
Tunghama1 Akil_Stokes
9 months ago
Hi Akil are we expecting a bullish move on this pair anytime soon?
+1 Reply
Akil_Stokes TOP Tunghama1
9 months ago
I see no reason to expect that
Reply
BOTMAN
6 months ago
Do we have a new long opportunity here?
+1 Reply
Akil_Stokes TOP BOTMAN
6 months ago
There's always a long and short opportunity in the market. So yes
Reply
Akil_Stokes TOP BOTMAN
6 months ago
Not one that I'm personally interested in, but that doesn't mean that another trader won't see something that meets there rules
Reply
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