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
Note
Price has broken down trend line on the daily, looking for a bull candle close above then will be adding buys.
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Related publications
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.