🔔 EURNZD
🔔 EURNZD
Speaking from a weekly perspective I am overall bullish for EURNZD as we have a 900 pip retracement to fulfill for the previous bearish impulse. Price has created three distinctive higher lows and I would like to see this move Euro strength push this pair to the upside. In the meantime, there is a smaller set-up playing out in the lower timeframe, and that is these three drive up towards a potential Institutional region where I would look to short price to 1.6700. I have reason to believe that price will be magnetized to the downside in the short term to fill the gap in the imbalance and to satisfy the IC region before making its bullish wave. The short consists of a 30 pip risk and a potential 250 pip reward with a 1:8 r/r; the long consists of a 40 pip risk and a potential 850+ pip reward (long-term swing), with a 1:21 r/r.
Speaking from a weekly perspective I am overall bullish for EURNZD as we have a 900 pip retracement to fulfill for the previous bearish impulse. Price has created three distinctive higher lows and I would like to see this move Euro strength push this pair to the upside. In the meantime, there is a smaller set-up playing out in the lower timeframe, and that is these three drive up towards a potential Institutional region where I would look to short price to 1.6700. I have reason to believe that price will be magnetized to the downside in the short term to fill the gap in the imbalance and to satisfy the IC region before making its bullish wave. The short consists of a 30 pip risk and a potential 250 pip reward with a 1:8 r/r; the long consists of a 40 pip risk and a potential 850+ pip reward (long-term swing), with a 1:21 r/r.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.