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Hope all of you have had a great week trading so far. I haven't looked at this pair in a while but on the chart I have painted a picture of both bullish and bearish scenario's. Now with the current fundamentals coming tomorrow with EUR and USD, expect some volatility and mostly a bullish price in short term. The reason I say this is because EUR bulls are still...
Analysis of EUR |NZD
I think a lot of veteran traders got caught out on the almost 'perfect' set-up for a short position on NZD. EUR data has broken this structure and we are now testing a critical level of 1.72500. If we see a clear break of this level, we may see a bullish signal to reach the 1.78800 levels and retest 2018 high's. initially we could see a...
Apologies for the late Upload, we have only just joint trading view!
We entered a long position on USDJPY @ 108.200
SL @ 107.590
TP1 @ 109.450
TP2@ 111.910
REASON FOR THE TRADE:
W1 TIMEFRAME - We initially ainticipated a break of the recent support to then follow down to 105 levels. But we have seen a strong resistance on the weekly timeframe showing a bullish...
Apologies for the late Upload, we have only just joint trading view!
We entered a short position on Gold @ 1341.51
SL @ 1350.09
TP1 @ 1270.00
TP2@ 1185.00
REASON FOR THE TRADE:
MN TIMEFRAME - when looking at the monthly time frame you can see a clear false breakout, which has again been replicated, the strong resistance at 1342, was showing reversal signs and...