Hello Traders,
Hope everyone had a great weekend? Welcome to a new trading week.
As we can see from the charts EURNZD deeps in to the 1.7155 major support zone which was formally tested around early November leaving us with Double bottom chart formation. from the H4 timeframe we see the close of the last candle which is an indecision candle which further comfirmes the setup.
Am taking a buy position now @ 1.7162 with stops around 1.7120 then take profits into the 1.7440 area.
i will be booking partial profits as the trend unfolds as hopefully this is going to be a runner and a profitable trade as well.
Goodluck and Happy trading
SMcapitalFX
Hope everyone had a great weekend? Welcome to a new trading week.
As we can see from the charts EURNZD deeps in to the 1.7155 major support zone which was formally tested around early November leaving us with Double bottom chart formation. from the H4 timeframe we see the close of the last candle which is an indecision candle which further comfirmes the setup.
Am taking a buy position now @ 1.7162 with stops around 1.7120 then take profits into the 1.7440 area.
i will be booking partial profits as the trend unfolds as hopefully this is going to be a runner and a profitable trade as well.
Goodluck and Happy trading
SMcapitalFX
