EUR/NZD
Hello Traders,
I'm looking into going long on this pair, we have big triangle formed and getting closer to brake out. RSI is oversold and we have some MACD divergence. There are two ways Im expecting the price to go, one is to brake down and bounce from 0.382 and one is to brake upside and push to magic 61.8% or even 78.60% -88.60%, also it comes to happen that 61.8% is 1.60000 number and currently we are in up trend. Lets see how this works out.
I'm looking into going long on this pair, we have big triangle formed and getting closer to brake out. RSI is oversold and we have some MACD divergence. There are two ways Im expecting the price to go, one is to brake down and bounce from 0.382 and one is to brake upside and push to magic 61.8% or even 78.60% -88.60%, also it comes to happen that 61.8% is 1.60000 number and currently we are in up trend. Lets see how this works out.
Note
going up =)Note
If you trade the brake out now would be the first TP point, there is a chance we go down to his the base of the triangle and than bounce for more move upNote
618 reached, 2 TP pointTrade closed: target reached
Took all my profits...lets see if we aim to go for 78.60Note
Watching this for nice not long term sellNote
Look like we are on the way to 78%, no involved anymore
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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.