EUR/NZD
First of all, my direction bias for EUR/NZD are bullish.
We did good last week , and I hope we can close 1.6796
On 5Dec 2018, we found support at 1.63500, after that we managed to break 1.6700 and we spiked up to 1.7050 Weekly Res,
but we didn't maintain that , and we fell again below 1.6700.
After that we found supp at 1.65305 , and that hit my prefered fib level 78.60% , so we went up and broke 1.6700 and it was a clear break (Bullish Candlestick at major level of supp for me). I'm looking the price to go at 1.6796 and to go back at 1.6700( to retest
monthly supp and the counter - trendline.
After the retest my first target 1.69380 which I hope we can break, then the 1.7050 (which I hope we can break and retest to go at my projected fib 1.7400)
We did good last week , and I hope we can close 1.6796
On 5Dec 2018, we found support at 1.63500, after that we managed to break 1.6700 and we spiked up to 1.7050 Weekly Res,
but we didn't maintain that , and we fell again below 1.6700.
After that we found supp at 1.65305 , and that hit my prefered fib level 78.60% , so we went up and broke 1.6700 and it was a clear break (Bullish Candlestick at major level of supp for me). I'm looking the price to go at 1.6796 and to go back at 1.6700( to retest
monthly supp and the counter - trendline.
After the retest my first target 1.69380 which I hope we can break, then the 1.7050 (which I hope we can break and retest to go at my projected fib 1.7400)
Trade active
trendline successfully tested, let's see what happens with NZD news tomorrow 2AM.Order cancelled
The news were very good for NZD, we have a bearish trend.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.