EURNZD – Looking for a dip then bullish move – week of 27 June
The area around 1.6560 is quite significant as seen on the daily chart. Even though recent price action is quite messy with large wicks on both sides, I retain my bullish bias. I think we can see a base that has formed. I am looking for a dip down to 1.6560 before moving up to the next S/R level located at 1.7110.
If this setup works out as per above, we have the potential for a +4.5R trade.
AUDNZD is a similar setup with cleaner price action. I would advise taking only 1 of these trades or splitting the risk between the two.
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Always use sound money and risk management and stay patient in all your trades.
If this setup works out as per above, we have the potential for a +4.5R trade.
AUDNZD is a similar setup with cleaner price action. I would advise taking only 1 of these trades or splitting the risk between the two.
If you like my analysis, please give it a “thumbs up” and follow me to get immediate notifications.
Always use sound money and risk management and stay patient in all your trades.
Trade active:
Moving slow, but still active and in profit.