EURNZD ascending narrowing channel 1D TF
EN is cooking a possible breakout in either side. Support lines backed by fibonacci levels and previous strong S/R key levels as well as the TP with fibo extensions
Currently in an uptrend, so look for buy entries near the support line of the channel. Support lines can serve as ideal SL in mid-long term investments
Currently in an uptrend, so look for buy entries near the support line of the channel. Support lines can serve as ideal SL in mid-long term investments
Comment:
Buy stop triggered before closing market Friday at the price 1.7370
SL 1.7320
SL 1.7320
Comment:
Buy stop triggered at the price 1.7350
Moved all SL to 1.7320
Chart update: Failure breakout happened on 10/4/2019 with the lowest price hitting 1.7327, this is the second failure breakout as we can see the first one happening on 12 Sep 2019. With this, the support line of the narrowing ascending channel proved to be even more stronger despite fundamental analysis. Still expecting to hit my TP now with 3 open positions.
Moved all SL to 1.7320
Chart update: Failure breakout happened on 10/4/2019 with the lowest price hitting 1.7327, this is the second failure breakout as we can see the first one happening on 12 Sep 2019. With this, the support line of the narrowing ascending channel proved to be even more stronger despite fundamental analysis. Still expecting to hit my TP now with 3 open positions.
Comment:
TP Hit, Profits secured
SL at 1.7269
1TP at 1.7600