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Euro / New Zealand Dollar
Long
Updated

EURNZD 4H

183
Price made a strong bounce off its daily ascending trendline, & price was showing a lot of pressure to support, showing that a strong move was to come. Now since price broke the counter trendline & is breaking back above resistance now, I will wait for a 4 hour candle close above this zone & a retest to the 61.8 fib level is where I will look to set my entry..

Trade with care! : )
Note
broken resistance now being respected as support
Note
snapshot A good entry on this pair would be a break of the 200 EMA (Black line). This is on the watchlist for next week, I closed my position before the market closes, & will look to re enter next week after further confirmation :)
Profound_Ambition
bouncectlEURNZDeurokiwidollarreboundrejectionretestSupply and DemandSupply ZoneSupport and ResistanceTrend Analysis

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bouncectlEURNZDeurokiwidollarreboundrejectionretestSupply and DemandSupply ZoneSupport and ResistanceTrend Analysis
Profound_Ambition

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.