Update from a previous Analysis
Im still bullish on this pair
Thought id share my day trade idea with you guys , will wait on small time frame for valid price action entry points
What do you think ? comment below
If you like the idea please hit the like tab and follow :}
Another one that i forgot to post which i i have a long position on already from 120.200 area.
Any pullback towards the 120.700 zone will be seen as a place to look for potential long entries towards the previous highs of 121.700 and if price manages to break past this zone of resistance which will then potentially become support i will be looking towards 123.00...
I forgot to post this , i already have a long position on this pair
There may be a nice entry after this pullback towards London Session after hitting some stops below as we know the market loves to hit those places
If you know how to enter this trade if it sets up then good luck , if not then a break 74.500 above the current resistance zone may provide us with...
A pullback towards 137.500 may provide a really nice long position
We also have the fib level 0.382 and 0.5 area together with a very very strong previous resistance zone now broken turned support
Pair has been super bullish with roughly 200 pips till the big 140.00 zone which i do think will be achieved
Break below fib 0.618 area will invalidate this trade for...
This will be a nice long trade if it sets up , stop loss zone near fibs 0.382 and 0.5 area.
Will watch price action around that area for valid entry reasons for a nice long towards 106.00 area.
If price breaks fib 0.618 and my trend line , i will change my bias to shorts till then its Bullish for me.
What do you think ???
If you like the idea please...
waiting for a pullback to enter a long if it sets up as i have a long bias on this pair , as with all my setups i will be waiting on shorter timeframe for a valid entry
BE REACTIVE NOT PREDICTIVE WHEN TAKING TRADES
IF THIS SETS UP I MAY BE LOOKING FOR A SHORT RNTRY ON EURNZD
please like and follow
IF THIS SETS UP IT WOULD BE AN AMAZING LONG , WOULD LOVE TO SEE A PULLBACK TO HIT STOPS THEN TAKE OFF TO THE UPSIDE
WILL BE WAITING ON SHORTER TIMEFRAME FOR VALID ENTRY
PLEASE LIKE AND FOLLOW
GOOD LUCK TRADING