Cmasterza

EURNZD - looking to go long

Long
FX:EURNZD   Euro / New Zealand Dollar
EURNZD

1. Price is approaching a major support level (last seen in Oct 2017)
2. Awaiting a buy signal to print
3. I will include conditions like price crossing 20ema if need be
4. This setup will offer a good risk to reward ratio
5. Watch out for a breakout or false breakout to the down side (the more times the level is tested the more likely it is to break)

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.