Eurnzdtrade
EUR/NZD Bullish Reversal SetupEURNZD, eurnzd accumulate for buying, commercials in eur short while nzd short 1k also increased. bullish divergence formed to long.
EURNZD - looking to go longFX:EURNZD
1. Price is approaching a major support level (last seen in Oct 2017)
2. Awaiting a buy signal to print
3. I will include conditions like price crossing 20ema if need be
4. This setup will offer a good risk to reward ratio
5. Watch out for a breakout or false breakout to the down side (the more times the level is tested the more likely it is to break)
More up side?Note the hammer candle that pinned the trend line on the daily time frame.
Price is just below the 200ema and the candle from Friday kissed the MA perfectly.
1. Price needs to print a bullish candle for today
2. 200ema needs to be broken to the up side
3. Using H4 for entry can be beneficial for a better risk to reward ratio
Buy EURNZD Short Term Based on H1 Harmonic Bullish GartleyThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
