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ericson723
Sep 11, 2020 11:24 AM

EUR/NZD Bullish channel Long till resistance Long

Euro Fx/New Zealand DollarFXCM

Description

Strong Uptrend Channel

Idea 1: Consolidates some more (decently small range) then trend up to resistance line
Idea 2: Consolidates then medium-big sized bear candle, retest to support then next target @ FX:EURNZD 1.76518

Comment

Continued indecisiveness stay out and trade 3 bar play up or down
If it breaks major resistance 1.7729 with wide range bear candles at 15m, short to 1.76518 strong

Comment

Strong bear resistance earlier but volume is going down substantially at 15m interval
Volume down with momentum increasing bullish :)
bears seem to be closing
bulls entering lets push it up

Trade active

Watch 1.78113 level
hold at your own risk
and ofc Use Proper Risk Management!

Trade closed: target reached

TP1 @ 1.78113 +57 PIPS hit
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