EURNZD DO OR DIE
EURNZD has finally arrived at last defend line, we bounced up last time from this area. If we do bounce and close above 1.727, I believe price next target is around 1.734. Tight SL with great reward.
RSI has finally ticked up a bit, still in the oversold area but slowly recovering. It seems like price is building some support candles, might wick down more, therefore I am placing SL 1.718.
Definitely a trade worth a shot.
RSI has finally ticked up a bit, still in the oversold area but slowly recovering. It seems like price is building some support candles, might wick down more, therefore I am placing SL 1.718.
Definitely a trade worth a shot.
Note
WELP, what a stop hunter. Setup still valid since support still holds, even more obvious with the wick taking out previous low.
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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.