EURNZD - LONG
Analysis
- High Timeframe analysis (12M, M & W)
- Price is at a very strong weekly resistance zone.
- I'd like to see how this daily candle closes today
- There is heavy news on Thursday, so gotta be cautious of that.
Actions
- Depending on how this daily candle closes, we'll look to take entries on the 1H/4H timeframe for the rest of the week.
- But for now, we sit and wait for this daily candle to hopefully show bullish signs first.
- High Timeframe analysis (12M, M & W)
- Price is at a very strong weekly resistance zone.
- I'd like to see how this daily candle closes today
- There is heavy news on Thursday, so gotta be cautious of that.
Actions
- Depending on how this daily candle closes, we'll look to take entries on the 1H/4H timeframe for the rest of the week.
- But for now, we sit and wait for this daily candle to hopefully show bullish signs first.
Note
Although the Euro is very strong right now, EN is not moving in the predicted direction. I am still watching, hopefully, we'll get a fakeout, for better lower entryNote
Is that a Doji or is price continuing?I'm still carefully watching this trade, as EZ produces a lot of wicks, but no entries as of yet.
We'll see how the rest of the day goes, price may hit the bottom of the Daily candle stick wick.
There is still a lot of news incoming on Thursday.
Order cancelled
Still looking to buy but I'll be waiting to see if price will correct itself.Note
It was a buy as stated, but I missed the initial entry.I may look to re-enter at a later point in the year.
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