EURNZD swing trading position has triggered as price re-tests the previous daily swing lows. The EURO is the weakest currency and NZD is the strongest so we should see the downtrend continue in line with the monthly timeframe. The trade is supported by the Fibonacci retracement tool as well as the 3 major moving averages turning bearish.
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2 Conditions on this stock: 2 Daily clousers over the level $143,11 Retest $140-$139 1) Buy-$140-$139 Stop loss-$137,67 Profit-$155-$160 2)Buy- $133,55-$131,27 Stop loss-$129,77 Profit-$145
In this video update, we take a look at NZDCHF as price hit targets on this trade this morning. Price has now completed the inverse head and shoulders pattern and could continue up into the weekly lows as kiwi continues to strengthen.