EURNZD > Amazing Uptrend, Still Looking for A Buy!
Analysis of #EURNZD
i previously published an idea on this exact setup and indeed it worked and hit tp, now the same setup but with little less confidence as the trend line has been used 5 times before hence, I have currently have less confidence in this trade than when it hit for the fifth time.
I will be waiting to see if the market will come for the sixth touch looking for a reversal pattern on the lower time frame near trend line support similar to the double bottom that happened previously when it touched for the fifth time.
if the market did not stop at trend line support I would still be looking for a buy as the trend still to the upside as long as we are above 1.61500.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
i previously published an idea on this exact setup and indeed it worked and hit tp, now the same setup but with little less confidence as the trend line has been used 5 times before hence, I have currently have less confidence in this trade than when it hit for the fifth time.
I will be waiting to see if the market will come for the sixth touch looking for a reversal pattern on the lower time frame near trend line support similar to the double bottom that happened previously when it touched for the fifth time.
if the market did not stop at trend line support I would still be looking for a buy as the trend still to the upside as long as we are above 1.61500.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
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.