SignalSwiss
Long

EURNZD: BREAKOUT BEARISH CHANNEL!

FX_IDC:EURNZD   Euro / New Zealand Dollar
2511 7 129
Technical framework is very attractive for eurnzd             , this week . On daily time frame, the price has bounced off the lower trendline of our bearish channel , we can't exclude a consolidation around 1.4884, but current dynamics on intraday time frame, could support a continuation of the technical bounce. Our setup on H4 and H1, which we will post only if this analysis/idea will receive at least 100 "I Like", will help us understand what are the levels of support and resistance which will enable us to take a position with good Money management (R/R > 1:3).

Hello Traders! We hope that our analysis can help you in your trading and if you are interested to receive real-time updates about this analysis, click on "I Like" BUTTON on the chart
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SignalSwiss
TRADING ROOM: http://www.nonsolotrading.com
Comment: This pair is still very interesting, especially after New Zealand data released this morning. We maintain a bullish view, at the time.
Comment: OUR OLD LEVELS & SETUP:

Comment:
Comment:
nice chart,
I'm thinking a higher levels of targets on the long run

+1 Reply
bassel.hadak bassel.hadak
the green area is 50%-61.8% retracement of previous down trend
+1 Reply
MarwanALjaadi bassel.hadak
Fundamentally ,, That's impossible
Reply
SignalSwiss bassel.hadak
Hi bassel.hadak, thanks for sharing! :)
Reply
bassel.hadak SignalSwiss
most welcome
Reply
very nice analysis! thanks!
+2 Reply
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