Roker1
Long

Long Setup on EURNZD

FX:EURNZD   Euro / New Zealand Dollar
Hi guys,
on EURNZD we're testing a key daily structure area (yellow box-black line) that also coincides with a psychological number (1,54). This is important for me because it tells me we could see a reversal down on a lower timeframe such as the 4H (the chart that you see): in this case, if you zoom in you can see why am i interested in this. There's a long pin that signifies buying pressure along with a current engulfing candle that shows some buying power right at the D point of an AB=CD pattern (with RSI divergence). All these clues together (if confirmed) give me the confidence to take this long, with stop below the lows and targets with structure. I believe on the daily chart the overall trend is upward, so it could bring us some nice profits.
Let's see.

If you have questions or ideas to share, feel free to comment below.
Otherwise, see you in the next chart!
Jun 14
Comment: Still not entered, waiting for a confirmation.
Jun 15
Comment: Entry: 1,5448
Jun 16
Trade active
Jun 19
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

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My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
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