As we can see on Friday bears made a big push through strong support, i want to see price push back up and re test this area as resistance before pushing down even further. There are around 600 pips between my 2 areas so this would make for a lovely swing trade.
Simple setup that most people wont see as there minds wont let them accept this is a good setup as it...
1.79000 is the magic number on this pairing, yes you guessed it good old simple support and resistance level... See how simple it really can be? I hope i am drilling it into you that SIMPLE REALLY IS BETTER!
Do you find you keep losing and cant turn a profit in the markets? i hold all the answers. This is down to your mindset that has been programmed rite from...
EURNZD- Hoping for a 4H close above the 50EMA to confirm our long idea. We have price in an uptrend (series of higher highs and highr lows) with a third touch of this ascending TL causing a bullish wick candlestick previously. and also a 50% fib retracement.
We can see that this finally broke out and is now going to retrace, I am waiting for price to respect one of the Fibo levels before I place a buy to the top!
This can be sold from this level and im going to guestimate TP will be around the 50.0 level