EURNZD Short opp?
Reasons:
1. This pair just broke the daily trendline (channel) and managed to retest the trendline and still became a resistance that makes the price go south.
2. EMA 21 was respected and bounce lower to form lower lows, am expecting another lower low to form.
3. Fibo level 38.2% was met. Am playing around with the support/resistance from fibonacci.
4. 1.6375 support must be met! Go NZD !!!
Trade carefully as this RR is not so pretty. Just a medium-swing trade ;) Happy trading all
1. This pair just broke the daily trendline (channel) and managed to retest the trendline and still became a resistance that makes the price go south.
2. EMA 21 was respected and bounce lower to form lower lows, am expecting another lower low to form.
3. Fibo level 38.2% was met. Am playing around with the support/resistance from fibonacci.
4. 1.6375 support must be met! Go NZD !!!
Trade carefully as this RR is not so pretty. Just a medium-swing trade ;) Happy trading all
Trade active
Sell was excited on Monday and currently having +122 pips! Woots what a trade :DTrade closed manually
Price closed above the trendline. Hence, closed with -124 pips :(
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