Another 2 trades in one
I will start off the week to see how the Euro manage to figth the 200 MA and if it fails then maybe go for another short down to the 0.236 retracement (it has already hit 0.236 once and it migth range for a few rounds) . A short is only attractive if it looks like this pair will go for a deeper retracement such as 0.382
The 2nd option and main objectiveis to go long since my overall target is 1.5882 which lines up with fib 1.618. I prefer to be long since the Euro will be stronger in the immediate future and has a lot of upside to regain against the Kiwi on larger time frames.
(For my followers that may be new to the game ( and I dont claim to be a pro.. I paid 19 euros to have that stated next to my nic here at TV) - pls do not counter trend trade based upon my charts..way too risky. Watch the price action on pull backs and only go long at this stage, all kiwi pairs moves a lot intraday so play it safe with proper trade sizes and wide stops unless you can time it damn good, thank you and happy trading)
The 2nd option and main objectiveis to go long since my overall target is 1.5882 which lines up with fib 1.618. I prefer to be long since the Euro will be stronger in the immediate future and has a lot of upside to regain against the Kiwi on larger time frames.
(For my followers that may be new to the game ( and I dont claim to be a pro.. I paid 19 euros to have that stated next to my nic here at TV) - pls do not counter trend trade based upon my charts..way too risky. Watch the price action on pull backs and only go long at this stage, all kiwi pairs moves a lot intraday so play it safe with proper trade sizes and wide stops unless you can time it damn good, thank you and happy trading)
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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.