FX:EURNZD   Euro / New Zealand Dollar
I would like to see the Euro             rally higher into the top yellow box (denoting a Day Supply Zone ), then a short can be initiated to sell the Euro             against the Kiwi.

The risk is 70 pips with a reward of >5xRisk.

EP: ~1.65170
SL: ~1.65870
TP: ~1.60870

The strong move down from the 1.6517 area suggests that there may be a resell in that area the next time price revisits.
I stuck up in shorts of EUR/NZD. So should I follow your SL of 1.65870 ?
That is entirely up to you. I don't offer investment/trading advice or signals. I merely share my ideas. This is the risk I am willing to take on the position. This is how much I am willing to lose. 70 pips. You decide what you are willing to lose.
rajan.kher selfrighteousgambler
Thanks for your reply. Today EUR/NZD just found resistance near level you mentioned of 1.6579. I already stuck up in this trade so I was looking for some trading view and I got yours.
I have decided to follow your sl or at max 1.66. Above that I cannot afford loss.
That is good. This is 3% of my account so I can sleep well if it goes wrong.
rajan.kher selfrighteousgambler
Hi, As per your strategy I am holding shorts of EUR/NZD. How long will take to achieve target below 1.61? Any update?
I have no idea. I too have a short position open with a target of 1.63 to 1.61. I do not usually worry about how long it takes. I just let it get there
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out