FOREXEL
Long

Get ready to buy in for a long ride on a possible trend reversal

FX:EURNZD   Euro / New Zealand Dollar
132 3 4
Its soon to time to buy in again on EURNZD             . Watch current price action where the pair figths over the 50 MA. This is a demand zone from where the Euro             will launch the next leg. My entry is set to 1.50609

The Euro             have now completed one leg out of three on the Weekly which means buying here is a great opportunity where the 2nd leg is predicted to land at 1.60-1.5780 area. From there and once that pullback is complete one can plot for the landing of the 3rd leg (Roughly 1.66)

My stop is placed under the 100 MA.

Happy trading
excellent chart....
it is not trigger yet.....right????
Reply
FOREXEL ashif030
thats rigth, it migth still correct lower
Reply
ashif030 FOREXEL
ok.....waiting for the correction and thank you very much for your quick reply
Reply
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