EURNZD Analysis complete — scenarios outlined. The [1.88821] zone could be a decision point for [EURNZD]. Price reaction here may define the next move.
If price breaks and pulls back to retest, a reversal setup might emerge.
Trade active
This is Trade eurnzd, opened on May 7, and it has now reached Reward 3.Partial profit was taken at Reward 1
The position is now risk-free
The remainder is being managed with a trailing stop
Entry was based on a key level and price action confirmation
Full idea + chart available in this thread
More updates will be added as the trade develops
Trade closed: target reached
EUR/NZD started moving from our level and reached up to Reward 3,but then reversed, hitting our trailing stop at Reward 2 — and we’re out.
This is where the power of trailing stop shines:
"Stay safe, even in market chaos!"
Risk management keeps us ahead of the game.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.