QuantumLogicTrading
Long

LONG EURNZD: STRAT TRADE - 99.49% PROBABILITY OF REVERSAL

FX:EURNZD   Euro Fx/New Zealand Dollar
2 months ago
Long EURNZD:

1. Based on the last 16yrs of daily close data (since 01/01/2000 to date) EURNZD             has a cumulative probability of a =>6th day lower at 0.5%, hence there is a implied 99.5% chance of reversal on the daily.

2. Also we see the Z-Score for, Monthly, 3m             and 2wk all above 1SD.

3. Fundamentally I also like being long EUR given the ECBs new more neutral stance where monpol easing looks to be coming to an end.

Trading Strategy:

1. Buy EURNZD             at market in 1xlot, and add 2x on each daily close lower from here. Start in small lots to reduce risk and ensure you can add on adverse moves lower. TP is the next daily close higher.
2 months ago
Comment: EURNZD 2x Longs added on the 6th daily close higher to trade 0.26% higher currently
2 months ago
Comment: 6th daily close lower* longs added.. typo
Entrenched
2 months ago
Nice trade
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QuantumLogicTrading Entrenched
2 months ago
Thanks!
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Elliott Moore
2 months ago
Very nice analysis. My technicals also give me bullish on this pair, but could use your advice on a TP. Thanks.
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QuantumLogicTrading Elliott Moore
2 months ago
No problem.. Yeah these are just tactical daily positions, once entry is signalled, i either add longs on a close lower OR TP on a daily close higher since the stat pattern has finished.. fundamentally is a whole other picture and story!
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QuantumLogicTrading Elliott Moore
2 months ago
and thanks for the compliment! check back for more of these kinds of trades
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Elliott Moore QuantumLogicTrading
2 months ago
thank you.
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