EURNZD - Buy the market dip setup.
Updated
EURNZD - Short term - We look to Buy at 1.7478 (market) (stop at 1.7439)
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Daily pivot is at 1.7470.
We look to buy dips.
Dip buying offers good risk/reward.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 1.7579 and 1.7626
Resistance: 1.7600 / 1.7650 / 1.7670
Support: 1.7540 / 1.7470 / 1.7450
With our medium term bias looking to buy dips and the short term bias indicating selling interest we are faced with mixed signals.
Daily pivot is at 1.7470.
We look to buy dips.
Dip buying offers good risk/reward.
Early pessimism is likely to lead to losses although extended attempts lower are expected to fail.
Our profit targets will be 1.7579 and 1.7626
Resistance: 1.7600 / 1.7650 / 1.7670
Support: 1.7540 / 1.7470 / 1.7450
Trade closed: target reached
Take Profit was reached at 1.7579.
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