Elite Swing Trader EURNZD – 5th June 2019 | Swing Trading Signals

Elite Swing Trader EURNZD – 5th June 2019

EURNZD has been bearish on the H4 chart. The pair has kept making the lowest low by making downside breakouts. Yesterday’s daily candle and today’s price action both show that the price has been heading towards the South with good momentum. It may be the time for the price to have consolidation. After the consolidation, the price would make another move towards South. Let us have a look at the H4 EURNZD chart.

This is another trade idea generated by the Elite Swing Trader.

Elite Swing Trader EURNZD – 5th June 2019

Elite Swing Trader EURNZD – 5th June 2019

The level of 1.69625 is the level of support here. On the other hand, the level of 1.69900 has the potential to be the level of resistance. If the resistance level is held and it ends up producing an H4 bearish reversal candle, then an H1 breakout at the level of 1.69625 would lead the price to go towards the level of 1.68855 without having that many pauses. Let us have a look at the summary of the trade…

  • Sell Stop Order:  1.69493
  • Stop Loss: 1.70011
  • Take Profit: 1.68830

The first candle of the trend has been an inside bar. Thus, we may get another inside bar this time as well. If the reversal candle comes out as an Inside bar again, then we might not get an explicit breakout. We would rather get a breakout which may need some correction. However, if we get an H4 bearish candle as the reversal candle from the resistance level, then we do not have to wait for a correction. We may take the entry as soon as we get an H1 breakout if the reversal candle comes out as an engulfing candle.

Click Here to learn more about Elite Swing Trader

The Elite Swing Trader Trading Dashboard

With the Indicator, you can now have multiple charts open and wait for the Elite Swing Trader will highlight potential trades to your attention. Of course, without saying, you do not trade every signals. Instead, this is a massive time saver. You decide on the trades to take.

This is a time tested Ever Green Swing trading system. Learn more here…

Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.

Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments
Do NOT follow this link or you will be banned from the site!

The Powerful AllPips Trend Indicator | 100% Free Download