Charlieab94
Long

EURNZD Long Trade Set Up *DAILY TREND & HIGH R:R*

FX:EURNZD   Euro / New Zealand Dollar
Here is a potential long trade set up on the Euro / New Zealand Dollar FX currency pair.

Daily Timeframe - Nice rejection of the daily bullish trendline drawn across the last 2 higher lows. Price has made higher highs through September so the higher timeframe is definitely bullish for me.

Lower Timeframe - Price has broken the 1hr bearish trendline and produced a higher low and higher high over the last few trading days. Price is now pulling back in to the bullish daily and 1hr trendlines supporting price. I am looking to enter a long position if prices reaches the coloured zone on the chart.

This zone would be a bounce off the daily pivot level, 0.786/0.618 fib retracement levels, 1hr bullish trendline to hold strong and a higher low to form.

By entering on the 1hr timeframe I can get a fairly tight stop loss and then swing trade the daily trend up to new daily highs. This could see price reach 1.80 next!

With a 45 pip stop loss and target profit at 1.80 this could return a mega 25:1 RR before any scaling in.
Dec 10
Comment: Please check out my blog site for more technical analysis and FREE trading education https://diaryofafinancekid.com/blog/
Dec 11
Trade active
Can we still enter this trade
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Do I look like a signals provider?
+1 Reply
rizwanisap17 rizwanisap17
@rizwanisap17 yes if your posting your ideas on trading view with Stop loss and Take Profit
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Do you have your own spoon that you want me to feed you with? Or do you want me to supply one to spoon feed you with?
+1 Reply
rizwanisap17 rizwanisap17
Supply me on please
+1 Reply
Charlieab94 rizwanisap17
@rizwanisap17, Yes, I am entering this trade now at 1.68800
Reply
tesegon12 rizwanisap17
@rizwanisap17 you ain’t looked on his site it’s all to help educate people that want to learn how to trade the right way with his strategy’s or his trading style. U a clown @rizwanisap17 take the trades based around your own analysis this ain’t signals u donut.
+1 Reply
@tesegon12, Thanks mate :) i'm glad you understand it.
+1 Reply
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