hi to all friends
Hope you all are enjoying me ideas and analysis. Now i am here to discuss about OANDA:EURNZD
OANDA:EURNZD Located in a descending channel ( DOUBLE TOP )....more downside....
NOTE:: Most likely, it will fall to the 61% Fibonacci support level
Trade Idea:
- Watch for bearish price action at the 38-50 fibonacci level and take OANDA:EURNZD down.
- Stoploss above the rejected price
- For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
After that it will follow again downtrend. Keep in touch we will update further soon.
Goodluck and as always, trade safe!
Hope you all are enjoying me ideas and analysis. Now i am here to discuss about OANDA:EURNZD
OANDA:EURNZD Located in a descending channel ( DOUBLE TOP )....more downside....
NOTE:: Most likely, it will fall to the 61% Fibonacci support level
Trade Idea:
- Watch for bearish price action at the 38-50 fibonacci level and take OANDA:EURNZD down.
- Stoploss above the rejected price
- For take profit, once price moves down, use a descending trendline to manage your trade and exit when price breaks that.
After that it will follow again downtrend. Keep in touch we will update further soon.
Goodluck and as always, trade safe!