EURNZD 4HR ..Supoort zone broken which it was touched for three times.. Now the pair was retesting....Wait for Confirmation and then GO SHORT..... Take profit @ 1.67000
Even a perfect setup can turn out wrong. That is why we use proper risk management, 1% of your account, per trade.
The counter EURNZD is traveling in the descending channel from 18th November. Therefore short is very suitable for this counter and the bearish trend will continue further. The price is moving even more downwards and it is expected to move until 1.6947.Till now there is no indication for a break out of the channel. If the price breaks the top line of the channel,...
Midterm forecast: While the price is below the resistance 1.7390, beginning of downtrend is expected. We make sure when the support at 1.6325 breaks. If the resistance at 1.7390 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. A peak...
From the Fibonacci extension analysis of EUR/NZD. it's expected to bearish trend until 1.618 retracement price 1.69773
EURNZD Sell @ CMP 1.6890 Stop Loss = 1.7480 Take Profit 1 = 1.6646 Take Profit 2 = 1.6353 Take Profit 3 = 1.6109 For Forum Discussion: EURNZD LeTechs Forum