This pair has been overextended beyond R3 monthly pivot(!). Probabilities for a mean reversion are high. I'll be looking for a short entry next week that will correct this up trend.
To enter this short I'd like to see a clear break of R3 pivot. More on this possible trade coming week.
Good trading all!
To enter this short I'd like to see a clear break of R3 pivot. More on this possible trade coming week.
Good trading all!
Note
Strong 4 hour bearish candle, I've put a sell stopTrade active
Trade closed: stop reached
Re-enter short when it breaks this supportNote
EURNZD is still in a correcting move. There's increasing div. Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.