EURNZD - Overview on Weekly Timeframe
Following our previous analysis on the weekly timeframe, in which we signaled that the pair was resuming it's upside trend after an almost two year long correction to the downside (www.tradingview.com/...cture-on-the-weekly/), we are monitoring this pair closely, as the two previous upside movements on the 4hr timeframe have completed their corrections. On the weekly time frame, the pair, after breaking the weekly trend line, has been clearly consolidating around it, confirming it's intentions for more upside.
As this is one will presumably be one the great trading pairs of the year, with an incredible risk to reward if you manage to get into the trade at the perfect moment and keep all the way to the final target in the 1.9 - 2.0 area, we are now looking for buy setups.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
As this is one will presumably be one the great trading pairs of the year, with an incredible risk to reward if you manage to get into the trade at the perfect moment and keep all the way to the final target in the 1.9 - 2.0 area, we are now looking for buy setups.
Updates on smaller timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Comment:
60 min chart:
