EURCZK support resistance.EURCZK support resistance base trade with both side view for maximum profit and minimum lose.
Key stats
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Project Genesis - EURCZK Buy with Daily ConfirmationThe 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame
The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold
Fib Retracement confirms a target to the Long side
Take Profit is Derived from Pivots
EURCZK ( Bearish Trend)EURCZK is continuing consecutive Lower Highs and Lows means its continuing Bearish Trend.
Similar to YEN, CZK is likely artificially held upThis is another long trade of mine. Similar to Japanese Yen, I think Czech Crown is artificially propped up, so the Euro price in terms of crowns doesn't extend above 24.5 This can be deducted from CNB's balance sheet.
Czech Republic has among worst inflations out of EU bloc, and therefore this sho
EURCZKThe just broke the previous structure and now creating HH and HLs. The market just created an inverted hammer on a 2-hour timeframe. It is most likely to go up.
EURCZK $EURCZK Initial Re-ShortEURCZK $EURCZK Initial Re-Short. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
EUR/CZK Is the price ready to make the retracement?I will make a multi time frame analysis to give you an idea of what the price could do next
Monthly:
The price is currently over extended. When price is overextended, we always could expect a retracement to happen next. The price could be getting ready to make the retracement soon.
Weekly:
The pri
Bullish Gartley: Hidden Bullish Divergence: Weekly EngulfingThere is classic divergence on the daily and hidden divergence on the weekly at the PCZ of a Gartley.
EURCZK BUY TRADE IDEAHello everyone, if you like the idea, do not forget to support with a like and follow.
SELL (Swing)
Entry: 25.47814
Take Profit: 25.80058
Stop Loss: 25.41718
Based on Weekly POI due to W formation. Retracement on the neckline of the W formation, entry on the 4H TF
Good luck!
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perfect position trademarket is bottomed out from the last post it went up over 7k hit the necktie breaking it up and didnt make a significant lower low excellento its overbrought on all 3 major trends this market will do a strong bullish breakout this trade has the potential to be my next held
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