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Ahmed_Alsheikh
Jul 3, 2018 6:04 AM

EURNZD 03-06/07/2018 Short

Euro Fx/New Zealand DollarFXCM

Description

Technical Analysis:


1 - face the historical resistance on the diary, which dates back more than 7 months and was a very strong area to drop the pair strongly and during the previous two months the pair fell in Hungary to touch these levels
2. The pair is located in the resistance areas at 61.8-78.6 Fibonacci levels
3 - Very clear forecast in the CCI index
4 - MACD at peak purchase and high
5 - the existence of a triple tops model and in the case of stability below the levels of resistance to the current long-term decline to 1.7200-1.7250
6 - The pair broke the bullish trend with a very strong bearish candlestick and if the pair rises, it could be a fresh test for the broken bullish trend.
7. In the case of a reversal, sell from the highest levels of R2 or wait and sell from R1 and waiting for the emergence of selling signs
Preferred to be out of the agreement according to the risk ratio on your account does not exceed 5%
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