EURNZD: Price Bounce Likely
Updated
EURNZD Timeframe: 1D
Direction: Long
Confluences for Trade:
- Price at Long-Term Trendline (since Feb 2017)
- Price at Fibo 38% levels
- Price around Horizontal Trendline (since Jan 2018)
- Divergence of 8 EMA and 50 EMA quite wide
- Stochastic Oversold momentum
Suggested Trade:
Entry @ Area of Interest 1.6610 -1.6750)
SL: 1.6464
TP: 1.1.7228
RR: Approx. 2.80 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any decisions taken based on the above opinion is purely at your own risks. DYOR.
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