EUR/NZD is approaching an important support area for the third time. There is a very good chance, that this time we are going to see a breakout of this key level. This breakout would offer accurate shorting opportunity.
Current Overview: Monthly: Sell Weekly: Sell Daily: Buy 4Hr: Sell 60Min: Sell Additional uncharted upside target: 1.8416 Note: Idea is to complement your research. Check comments section for future updates on idea. Like this idea? Like, Share, Follow (...) Thank you and Happy trading.
It looks like there will be a down move in EURNZD if it touches the resistance. On 1 hr chart it formed shark pattern.
Today's short trade is for a minimum of 200 pips, with a RR of at least 1:2, better at 1:3 if it goes that way and doesn't consolidate too long.
This pair looks great for a nice selling opportunity. If we got a clear breakout of the key level, we would take a nice short with our members.
This pair EUR/NZD looked very bearish and there were big probabilities for the nice push to the downside, but it didn't happen. Right now, we are looking for a long entry with our members for a nice push to the upside.
Looking for a short at the 1.79643 area for target of 120 pips, risk 60 or breakeven at 1:1
On EUR/NZD price is still in a range. We are not interested in trading this until the price is in this range and we don't see any breakout.
EUR/NZD is in a massive daily uptrend. If the rules of our strategy will be satisfied, we would be taking buy entry along with our Vip Group members to the upside.
- Near Resistance Level - Descending Triangle pattern - wait for breakout and confirmation => SELL