Hi friends,
EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold.
Most likely this month will close right on the up trend line and we will not see a movement north until December.
I still expect price to head back towards 1.7600 - 1.7700s but patience is crucial here.
Some trades will take longer than others, as this is one I have held longer than my other trades as a swing trader but you must trust logic over emotion.
Stay tuned and let me know if there are any questions at all.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold.
Most likely this month will close right on the up trend line and we will not see a movement north until December.
I still expect price to head back towards 1.7600 - 1.7700s but patience is crucial here.
Some trades will take longer than others, as this is one I have held longer than my other trades as a swing trader but you must trust logic over emotion.
Stay tuned and let me know if there are any questions at all.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.