hope.bleecker

EURNZD POTENTIAL SWING TRADE TO THE DAILY D

Long
hope.bleecker Updated   
FX:EURNZD   Euro / New Zealand Dollar
12
A 45 degree trendline price break likely can send this pair north. It is in an up ABCD swing with the DAILY D at 1.7455. I am looking for the drop to the .786 retracement at 1.6358 level and a buy up the D extension. This is a 2:1 swing trade. Stop below the last pivot low. So, let's find the C somewhere below the 618, preferably at the 786. Thanks!
Order cancelled:
Actually order active... Im still waiting on this one. will check Sunday night. Have a wonderful weekend everyone.
Trade active:
We now have the right tip of the crown in place. I believe that we can be trading this down from 167 into the support at the 618 and then into the .786. I'm waiting to see how it sets up from the potential C which I have defined.

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.