Hello my friends,
I just found an interesting opportunity at EURNZD pairs. This pair has been going down for 600 pips from the recent rally. In my opinion this looks like an exhaustion after a fierce 1100 pips upward movement.
I tried to analyze this chart using fibonacci retracement and this pair seems to respect 61.% fibs retracement.
There is also ichimoku cloud support, horizontal support and EMA-200 at this 1.7600-1.7550 area so we could say this is an area of confluences.
I am going to buy EURNZD at the beginning of Monday to try this opportunity.
Buy EURNZD 1.7590
Stop loss 1.7450
Take profit 1 @1.7730
Take profit 2 @1.7870
Take profit 3 @1.8010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
I just found an interesting opportunity at EURNZD pairs. This pair has been going down for 600 pips from the recent rally. In my opinion this looks like an exhaustion after a fierce 1100 pips upward movement.
I tried to analyze this chart using fibonacci retracement and this pair seems to respect 61.% fibs retracement.
There is also ichimoku cloud support, horizontal support and EMA-200 at this 1.7600-1.7550 area so we could say this is an area of confluences.
I am going to buy EURNZD at the beginning of Monday to try this opportunity.
Buy EURNZD 1.7590
Stop loss 1.7450
Take profit 1 @1.7730
Take profit 2 @1.7870
Take profit 3 @1.8010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
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.
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.