Hello traders!
Welcome to the new trading season of 2020!! I wish you a happy new year and a lot of success on your trading journey. The focused trading opportunity of the new week is EURNZD LONG TRADE.
EURNZD Daily:
On the daily, you can perfectly see how price found a supportive region (demand zone) after a meltdown of 1000pips!!!. I believe it is time for a retracement to the upside. Scaling down to the lower time frames such as 1hour, we have several LH's and HH's. I do want to see the push down to the hourly trend line confluences with the Fibonacci retracement 0.705%. If we can get a nice rejection of the market region, we can take a long trade to the marked TP levels.
Have a good one!
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OUR FREE TELEGRAM: t.me/etgfxtrade
DISCLAIMER:
Technical analysis is for the educational porpuses if you will take the trade, take within your own analysis and your own opinion.
Kind regards,
ETGFX Team
Welcome to the new trading season of 2020!! I wish you a happy new year and a lot of success on your trading journey. The focused trading opportunity of the new week is EURNZD LONG TRADE.
EURNZD Daily:
On the daily, you can perfectly see how price found a supportive region (demand zone) after a meltdown of 1000pips!!!. I believe it is time for a retracement to the upside. Scaling down to the lower time frames such as 1hour, we have several LH's and HH's. I do want to see the push down to the hourly trend line confluences with the Fibonacci retracement 0.705%. If we can get a nice rejection of the market region, we can take a long trade to the marked TP levels.
Have a good one!
-----------------------------------
OUR FREE TELEGRAM: t.me/etgfxtrade
DISCLAIMER:
Technical analysis is for the educational porpuses if you will take the trade, take within your own analysis and your own opinion.
Kind regards,
ETGFX Team