I would like to see the Euro rally higher into the top yellow box (denoting a Day Supply Zone), then a short can be initiated to sell the Euro against the Kiwi.
The risk is 70 pips with a reward of >5xRisk.
EP: ~1.65170
SL: ~1.65870
TP: ~1.60870
The strong move down from the 1.6517 area suggests that there may be a resell in that area the next time price revisits.
The risk is 70 pips with a reward of >5xRisk.
EP: ~1.65170
SL: ~1.65870
TP: ~1.60870
The strong move down from the 1.6517 area suggests that there may be a resell in that area the next time price revisits.
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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.