Simple 123 move
EURNZD - OPEN A SHORT TRADE
the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.
Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
Bullish Bat under preparation
Entry: 1.5004 (waiting for the right price action within the blue rectangle)
SL: 1.4929 (-75)
TP1: 1.5092 (+87)
TP2: 1.5119 (+115)
TP3: 1.5146 (+142)
Wait for a correction and get into the trade
Hovering at strong support zone. More possibilities to the upside.
PRICE HAS TESTED THE RESISTANCE TREND LINE. MAJOR RESISTANCE.
ENTER A BUY STOP AT 1.54968. FOR A CONFIRMATION .
STOP LOSS AT 50 PIPS.
ENTER TRADE AT 1.51442.
STOP LOSS BELOW 1.50000.
LIMIT IS 1.57862.
Entry : 1.53514
Stop : 1.53182
Target 1 : 1.53906
Target 2: 1.54115
Target 3 : hold and move stop up with trade as new demand levels are created