EURNZD Intraday Setup.
Updated
EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
Trade active
Trade filled at 1.7166Trade closed: target reached
Take profit has been reached.
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