Again, very new to all this and still very new to making my own analysis’ - just looking for honest constructive feedback.
Possible long set up on the EURNZD on the daily chart.
Couple of rejections at resistant. Will look for further confirmation on the support before I look to place a trade on this.
Risk/reward is sitting at 3
Let me know what you guys think 👍
Firstly, I’m very new to trading so I’m not expecting anyone to place a trade based on this.
I’m posting this mainly to see if anyone who is more experienced agrees with my idea So it can verify if I have found a channel in a bearish trend.
Let me know what your thoughts are about this please! Have I spotted a good opportunity or have I completely misjudged this??
So I've been quite dovish about publishing ideas as I am new/green to publishing and still growing in the trading arena.
I've been watching FOREXCOM:AUDCHF since June and thanks to the education I have been receiving lately, my analysis of this pair has been quite spot on, so I'm so happy I have found such good teachers...
On my previous post I stated that there could be a downside movement for this pair. However, there was a large amount of upside movement which looked like it was due to noise or news which has been released. As seen yesterday there was some news released for AUD which may have sparked the current increase in buyers.
I feel that the noise period is over and a...