Watch this Candle : EURNZD Daily Hammer

FX:EURNZD   Euro / New Zealand Dollar
768 5 10
Hammer at previous low, watching for a possible long trade here as long as the hammer low is intact. visit.. vote..subscribe
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Target ???
This is not a trade
Agree, im already long here, hope the hammer wil hold
+2 Reply
It did put in a hammer but look at the next two candles. No real bounce and IMO its going to continue lower but I am not looking to short at current levels because RR isn't great.
Technician PRO JamesTeller66
Could be the case. This is just a first step towards a trade, a confirmation of a bounce over the four-hour chart is my next step.
I think we might see a period of sideways movement in this pair.
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