EURNZD Long Opportunity
Hello all,
I believe we are seeing a long opportunity on EURNZD for a few reasons:
1) Retest and rejection of demand zone starting at 1.7225
2) Bearish Wedge on 1H with strong Bullish momentum, still in a continued uptrend, confluence
3) On 15M strong minor support at 1.7243
4) D1 possible bullish wick fill
Risk Reward: 1.83, TP1 and TP2 at beginning of supply zone @ 1.7340. Will leave additional position running.
I believe we are seeing a long opportunity on EURNZD for a few reasons:
1) Retest and rejection of demand zone starting at 1.7225
2) Bearish Wedge on 1H with strong Bullish momentum, still in a continued uptrend, confluence
3) On 15M strong minor support at 1.7243
4) D1 possible bullish wick fill
Risk Reward: 1.83, TP1 and TP2 at beginning of supply zone @ 1.7340. Will leave additional position running.
Trade closed: target reached
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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.
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.