Eurnzd is a tough one but i think we could atleast see a small retracement before furtherdownside, either look for a sharp breakdown to continue the short or wait for some further rejection of downside to go long, my bias is more long than short but with nzd strength we will see what happens. Trade what you see and react
because of the daily channel it is in i wouldnt be surprised to see ripple fall further, at this moment in time altcoins are following btc which looks like it needs to fall lower in order to go up ! Dollar cost average from here all the way down to 20 cents and then 8 cents if it falls further! good luck!
I think this may be a good opportunity to catch some pips. Price has been hovering around the channel for a while. Good R/R on this trade which is why I'm tempted to take it more than anything:even with 2/3 positions its a really good opportunity. Good luck.
Reasons for taking this trade
daily rsi divergence
bounce between daily channel
weekly trendline could...
Not really a call therefore i put this idea as educational. The EURCHF seems to be at a very important resistance where the major sell off occurred at the end of 2014-15. There seems to be a lot of news indicating that the CHF will weaken further due to the negative interest rates and the SNB allowing the further depreciation of their currency - but in my opinion...