EURNZD - 100 PIP Trade idea?? (Could happen tomorrow for nfp)
Im doing a low risk trade on this. Still trying to figure out EURNZD for more consistency, but im eying a possible 100 pip trade. Won't take until tomorrow morning... london or new york. Hopefully I'll be awake to get in it.
Just an idea...we will see how it plays out, but for me to get in, it must play out exactly how I've drawn it... meaning it must come down to the bullish orderblock around 1.67400.
NFP is tomorrow so anything could happen honestly. My last nfp prediction was horrible lol but the correction when right to where i said it would... smh We shall see how this one plays out.
Comment:
So far EURNZD is playing out like I said it would... I'm wondering if it will play out fully tho. Remember tomorrow and friday are nfp days. The main day is Friday but Thursday catches some early manipulation for sure. Gotta be careful if you take this trade! As I said, if I get in, in the morning, then it will be a low risk trade.
Comment:
only 30 pips were fulfilled from my analysis... Doesn't appear to be panning out from the london sesssion last night... We will see what happens during new york and if we get a boost back up... for now I'd say it's not panning out how I would like to see it. However, the only thing I see right now is that it's still within the range of what we analyzed. It's not yet bearish for me until I see it pass and retest the area of 1.67185. Tha'ts like the last line of defense and it has gotten pretty close within the last 2hrs.
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correction to price from previous comment for bearish change of bias... Should be around 1.66384... As of this moment we are sitll in the bullish range, but it dropped down much further than i expected...
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FOMC news comes out at 1am... Still haven't taken a long entry on this pair yet... just don't trust it now lol but fomc may give it a boost at 1pm EST. We shall see!
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not much traction like i expected on fomc, but at this point... i need to see structures forming and breaking on the higher time frames to consider bullish entries
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Bearish Bias change update. Must go below 1.66106 and retest...
Comment:
Bullish Entry Consideration: Must go above 1.67158 and retest
Comment:
Initial bullish orderblock is now weak, but it has not been eliminated just yet. NFP will be interesting to see.
Trade closed: stop reached:
closing this idea... NFP didn't pan out in the direction that was expected...