Hey there traders, on the daily chart of EUR/NZD I have spotted an early uptrend and marked a pullback with the purple trendline. If we are able to break an close above this trendline the chances are high that the uptrend is able to continue and make new Higher Highs and Higher Lows, which are essential for an uptrend to occur.
on the hourly chart I also marked out an resistance zone with the red box, this could also help to push the price above the trend line.
As you can see technical annalysis doesn't always have to be hard or complicated, lets hope we can catch a few pips here.
I will keep track of this trade and update this post when needed.
Happy trading!
on the hourly chart I also marked out an resistance zone with the red box, this could also help to push the price above the trend line.
As you can see technical annalysis doesn't always have to be hard or complicated, lets hope we can catch a few pips here.
I will keep track of this trade and update this post when needed.
Happy trading!
Comment:
Long position has been opened, stoploss set at 1,70400