Get started

Eurnzdtrade

Breakout and retestAfter trading in the triangle for some time the market finally broke out and created newer highs: 1. Breakout 2. Retest resistance as support 4. Pin bar signal 5. Fibonacci zone hit with the pin bar reinforcing the signal (confluence) This type of setup requires the stop to be a few pips below the pin bar candle and the target should be at least 2x that of the risk value. Don't invest what you can't afford to lose. This is not investment advice. Subjective view/report of a financial product only. You can learn price action trading at no cost. Join my mailing list to receive more information zc.vg DISCLAIMER All information published within this website is purely for educational purposes and offers no guarantees. Profit Fx, Forex Bootcamp and any of its associates cannot be held responsible for any trades that you have executed in any way whatsoever. Please familiarize yourself with the relevant risks involved when trading forex, CFD’s and other products. Any trading is done solely at your own risk. Profit Fx, Forex Bootcamp and any of its associates are in no way employed by any broker or any other legal entity. All information published within this website does not constitute advice, but rather objective information about a financial product and analysis or report of a financial product.
Long
by Cmasterza
Setting up on EURNZD# Price has reached the previous swing high # Resistance level is holding (so far) # Did you see the massive double bottom? Price is at the neck line now The market is still bullish until market structure changes. At this stage my expectation is for price to do one of these things: 1. Break through resistance, possibly test resistance as support and push higher towards 1.7700 or 2. Pulls back to a 50 or 61.8 Fibo retracement level of the last bullish move, then pushes higher or 3. A sell off takes place and price cruises back down to the 1.64 support area Either way it goes, price action will be my leading indicator. See live examples by following me in Forex Bootcamp using the telegram link below. Please visit my website using the link below if you would like to join my mailing list. I email out trade set ups, strategies and training from time to time and there is no fee so feel free to take advantage. I have a custom indicator, a trading robot and a premium investment research option that you can enjoy - please email me to request more information.
by Cmasterza