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AlkalineFX
Sep 3, 2020 8:07 AM

EURNZD - Using Structure Long

FX:EURNZD15
Euro Fx/New Zealand DollarFXCM

Description

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We are keeping a close eye on this pair if we manage to break the respected structure then we can look to buy from the re-test as illustrated.

According to COT data source - 79% long

Trend AnalysisTechnical IndicatorsWave AnalysisEURNZDeurnzdshorteurnzdlongTechnical Analysis
Comments
mosestaller
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good call
Subrato-Nandi
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Good thinking
SLIPPERY_FX
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what I wanted to ask is that these days EUR has shown to be weak, so wouldn't this be kinda risky.
AlkalineFX
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@SLIPPERY_FX, Definitely risky trading against the trend, unless there is a clear structure shift.
SLIPPERY_FX
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@AlkalineFX, yh true the only EUR pair im looking atm is EURGBP, but today the focus will be on GBP pairs, as the PMI and job losses hit was bad. GL in ur trades though!
AlkalineFX
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@SLIPPERY_FX, Appreciate brother! Good luck today remember to trade safe, NFP tomorrow
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