Hello,
I've got for you two nice ideas with smashing R/R, over 8 R:R in both cases.
So this pair has arrived in a key area, please check on daily, weekly and mothly TF for bigger picture and a nice overview.
The pair has right now arrived in a supply zone on daily, in this case we have to wait and see what will happen on NY Open. if the price will break the 0.65750, we could go in a long but only after testing the zone, we could aim the high price from July 2019 and 31 December 2019.
The back up idea is a short from 0.65750 till the base of this formation @ 0.64300 - 0.64200.
Let's wait and see what is happening on the New York Open but personally I see a bias change on this pair and we could see a nice long, also I checked the economics from both sides and from USA we have worst news, the fight in the streets, number of COVID-19 is on rising trend, on the other hand,if we talk about pandemic problems, in NZ the situation is under control and they report under 30 cases since April.
More updates will be here soon !
Stay safe and have a good day !
I've got for you two nice ideas with smashing R/R, over 8 R:R in both cases.
So this pair has arrived in a key area, please check on daily, weekly and mothly TF for bigger picture and a nice overview.
The pair has right now arrived in a supply zone on daily, in this case we have to wait and see what will happen on NY Open. if the price will break the 0.65750, we could go in a long but only after testing the zone, we could aim the high price from July 2019 and 31 December 2019.
The back up idea is a short from 0.65750 till the base of this formation @ 0.64300 - 0.64200.
Let's wait and see what is happening on the New York Open but personally I see a bias change on this pair and we could see a nice long, also I checked the economics from both sides and from USA we have worst news, the fight in the streets, number of COVID-19 is on rising trend, on the other hand,if we talk about pandemic problems, in NZ the situation is under control and they report under 30 cases since April.
More updates will be here soon !
Stay safe and have a good day !
Trade active:
The short scenario is active !