Looking for bullish momentum move EURNZD – the week of 04 Mar
Recent price action on this pair has been choppy, but the bullish trend is still intact. A firm support has been created in the 1.700 region and I expect it to hold. I will be looking for evidence of this in the next few candles, perhaps on H1, the trend line must hold as well.
There are 2 potential targets I have in mind, either one provides an acceptable R/R ratio.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
There are 2 potential targets I have in mind, either one provides an acceptable R/R ratio.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
Trade closed: target reached:
Almost, perfect analysis, target reached
EXCEPT THAT
price just took off, I could not enter :)
EXCEPT THAT
price just took off, I could not enter :)