FX_IDC:EURNZD   Euro / New Zealand Dollar
- Daily price currently shown as over sold with psi on an extended supply.
- we should see a little more down side.
- expecting price to currently hold at 166599 demand levels where weekly break and and retest of TL shows.
-looking for long positions around these levels with targets holding strong at 35% fib levels winning up with the supply zones of the 171370 handle.
our risk exposure is currently at 0.96%.
lets see how price will play out in the coming weeks. this should probably hols until mid December hopefully before too :)
Trade closed: stop reached: .

Comments

Sadly the demand levels for this setup did not work and looks like the head and shoulder did not play out as expected. we will be monitoring this pair to see how price action reactions at arrival of the next support levels. look like price is heading straight to the 50% levels. all other setups are playing well as displayed on the page. ( USDZAR/GBPCNH/ EURAUD)
don't forget guys risk management it the most vital part in trading. this makes you know even if you loose in one trade the others can make up the losses as well.
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