EURNZD - BUY - 8th September 2021




EURNZD - BUY - 8th September 2021 (Closed)


UPDATED POSITON

 

BUY Market execution, current price 1.6674, stop loss 1.6614 and take profit 1.6784-1.6834.

Stop loss: 60 pips

Take profit: 110-160 pips

 

 

Good afternoon team,

I have been watching the EURNZD today for a long trade opportunity, this is purely based on the risk-off market sentiment that occurred overnight during the crypto crash. The rally in the USD is suggesting we could see a follow-through tonight – this means weaker commodity-related currencies (AUD, NZD and CAD).

EURNZD 1 Hour Chart

BUY Market execution, current price 1.6682, stop loss 1.6622 and take profit 1.6782-1.6832.

Stop loss: 60 pips

Take profit: 100-150 pips

Trade Setup
BUY - Market Execution

Entry
1.6674

Take Profit
1.6784-1.6834

Stop Loss
1.6614