Eurnz
EURNZD Buy a break setup.EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
A break of 1.7000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7095 and 1.7145
Resistance: 1.6950 / 1.7000 / 1.7050
Support: 1.6900 / 1.6860 / 1.6810
2. EURNZD - SHORT (20th February 2017).2. EURNZD - SHORT (20th February 2017).
Another short entry for EURNZD.
Putting a lot of studying time on key levels.
Just trying to spent a lot of time in front of charts to get used to the way I look at the market and drawing key levels.
I want to learn more about price action next and candle stick patterns such as bullish engulfing candles.
Gene