Hi Seildev here,
I'll be closely monitoring EUR/NZD over the next 48 hours.If daily close above 1.54000 then look for buy
- Nice doji candle formed last Friday 23rd/June
- Resistance channel working as support since Jul-16
- 1.54000 Psychological level and acted as resistance to the most recent structure
- Fib at 50% from low 8th/Feb to High 19th/May
- RSI low 30's
Target 1 @ 1.56413
Target 2 @ 1.58723
Safe trading
I'll be closely monitoring EUR/NZD over the next 48 hours.If daily close above 1.54000 then look for buy
- Nice doji candle formed last Friday 23rd/June
- Resistance channel working as support since Jul-16
- 1.54000 Psychological level and acted as resistance to the most recent structure
- Fib at 50% from low 8th/Feb to High 19th/May
- RSI low 30's
Target 1 @ 1.56413
Target 2 @ 1.58723
Safe trading
Note
Target 1 reachedNote
2nd order stop loss has been moved up to break even
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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.