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ForecastCity
Feb 1, 2018 12:53 PM

Hunt this long-term Sell opportunity of EURNZD, Don't miss it!! Short

Euro Fx/New Zealand DollarFXCM

Description

Trading suggestion:
There is possibility of temporary retracement to suggested resistance zone (1.6925 to 1.7150), if so, traders can set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

.Beginning of entry zone (1.6925)
.Ending of entry zone (1.7150)

Take Profits:
TP1= @ 1.6760
TP2= @ 1.6625
TP3= @ 1.6360
TP4= @ 1.6205
TP5= @ 1.6020
TP6= @ 1.5690
TP7= @ 1.5465
TP8= @ 1.5255
TP9= @ 1.4535
TP10= @ 1.3875
TP11= @ Free

Technical analysis:
.A vale is formed in daily chart at 1.6645 on Wed, 01/24/2018, so more gains maximum to resistance zone (1.6925 to 1.7150) is expected.
.Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
. Relative strength index ( RSI ) is 54.
.Current short-term is range bound, but beginning of downtrend is expected.

Comment

New Sell Zone & New Targets...
Comments
JayP2577
If it plays out right, this will be fun!
mazin88
good
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