EUR/NZD: Trade SELL Setup !! EUR/NZD: Trade SELL Setup
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Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
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NZDEUR
NZDEUR NEW ZEALAND DOLLAR/EURO Approaching a key resistant pointNZDEUR is currently approaching resistance at 0.5850 a critical price point which might determine the short to medium term price direction.
A break above 0.5850 could see prices continue to its next target at around 0.5890 If unsuccessful then we might have an opportunity to take a short position with a target price around 0.5805
NZDEUR bullish Gartley patternHey traders we are looking at pretty good Gartley pattern backed up by good resistance Lvl and RSI undersold.
My TP is set at 0.382 retracement
NZD trade weighted index: Short NZD against strong currenciesNZD is a short against its main trading partners. The uptrend in this biweekly chart exceeded the target and ran right into the previous downtrend mode, so it'll naturally come back down to the uptrend mode at the very least.
Look for prolonged weakness in NZD crosses, and exploit it. Thank me later...
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Ivan Labrie
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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
