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Eurnzdsell

SHORT EURNZDHi ALL, Just sharing another one of my trades. This is not financial advice just sharing my trade for everyone's consideration and feedback. Trade at your own risk. I have currently shorted EURNZD pair. I believe this is a good trade and could see some nice profits if it flows in my directions. Entry: Now or 1.76000 - 1.75500 SL: 1.76500 TP1: 1.7000 TP2: 1.6800 All the best and Don't be greedy, share the love. Please like and leave your comments if you like this trade. I'm keen on always improving.
Short
by kayj9009
EURNZD on major support, prepare for a bounceEURNZD is in major fractal support, strong possibility of a bounce occurring. Buy above 1.6818. Stop loss at 1.6716. Take profit at 1.7094. Reason for the trading strategy (technically): Price is testing and has bounced off major support at 1.6818 (Fibonacci retracement, horizontal swiung low support, ascending support, bullish harmonic formation) and a strong bounce could occur at this level to push price all the way up to 1.7094 resistance (Fibonacci extension, horizontal swing high resistance). We do have to be wary of our intermediate resistance at 1.6973 (Fibonacci retracement, horizontal pullback resistance). Stochastic (89,5,3) is seeing strong support above 1.1% where a corresponding bounce could occur.
Long
by MEX_Exchange
3