EURNZD: New Uptrend and Possible Buying Opportunities
The price broke the local downtrend line. It gives a bullish signal and the idea that the market is going to move upward. The price reversal from SMA200 we could use for buying if we talk about trading in the daily chart. The same goes for the breakout above the downtrend line. But we also can search for buying opportunities using the hourly and minute charts. We will have better entry points and a better risk-reward ratio.
RSI and MACD are bullish and support the upward movement. Use the right setups and the proper money management for making a profit in this market. And sure, for this, you need the right knowledge and experience. That's why I motivate you to improve yourself in trading but not to search for the exact entry and exit points.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
RSI and MACD are bullish and support the upward movement. Use the right setups and the proper money management for making a profit in this market. And sure, for this, you need the right knowledge and experience. That's why I motivate you to improve yourself in trading but not to search for the exact entry and exit points.
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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.