EURNZD Sells (Limit Order)
EURNZD Sell-Off: Potential Resistance at 1.81220
Key Daily Resistance:
1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels.
Fibonacci Retracement:
This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal.
Entry: 1.81220
Stop: 1.81911
Profit: 1.78981
Risking 0.5% with a potential of 1.75% return.
Key Daily Resistance:
1.81220 coincides with a strong daily resistance level. Prices have a tendency to reverse course at these established levels.
Fibonacci Retracement:
This level aligns perfectly with the 61.8% Fibonacci retracement. The Fibonacci retracement is a popular tool used by traders to identify potential reversal points, and the 61.8% level is a particularly strong indicator of a possible reversal.
Entry: 1.81220
Stop: 1.81911
Profit: 1.78981
Risking 0.5% with a potential of 1.75% return.
Order cancelled
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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.
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.