AgentSmith
Long

Kiwi hedge with the Euro

FX:EURNZD   Euro Fx/New Zealand Dollar
83 2 1
I have a number of NZD longs currently in play (vs CAD and GBP) and this trade is an offset to that somewhat heavy exposure. Opened a long position at trendline support and the .764 fibonacci level @ 1.5035. Daily wick is looking good (currently) at forming a very positive hammer candle.

I'm hoping for a 2-3 week trade into trendline resistance and confluence with the longer term descending channel @ 1.5950.. at which point I would look to initiate shorts once again.
AgentSmith
2 years ago
Price broke above the falling wedge and provided a very positive setup. Seems like quite a false break. Stopped out below support.
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MisterTrader
2 years ago
Thanks Tachyon for sharing, this is my last analyze from today if it can be any help for you, cheers !
#EURNZD: Double Bottom Forming
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