EUR/NZD Long call (Analysis, Biased and Trade Plan)
EURNZD Chart Analysis:
1. Dow theory- HH-HL
2. Bullish engulfer 2hrs ago
3. False breakout at Fib Retracement level 0.23
4. weekly support line at 1.644, close to fib 0.38 level
5. AB=CD pattern
BIASED LONG
Watch out level
(breakout at 1.6442 support level) OR Fib 0.38
Plan A
Take entry right now at 1.6523
SL at 1.6438 or at fib level, right below the support line
Plan B
Wait for further confirmation of the false breakout at fib 0.23 level,
Take entry at 1.6566
TP1 at point B=1.6625
TP2 at point D
SL, in this case, should be right below at point C
or at the support level
Please like, share, and comment if you agree. Disagree, any suggestions? Welcome 24/7
1. Dow theory- HH-HL
2. Bullish engulfer 2hrs ago
3. False breakout at Fib Retracement level 0.23
4. weekly support line at 1.644, close to fib 0.38 level
5. AB=CD pattern
BIASED LONG
Watch out level
(breakout at 1.6442 support level) OR Fib 0.38
Plan A
Take entry right now at 1.6523
SL at 1.6438 or at fib level, right below the support line
Plan B
Wait for further confirmation of the false breakout at fib 0.23 level,
Take entry at 1.6566
TP1 at point B=1.6625
TP2 at point D
SL, in this case, should be right below at point C
or at the support level
Please like, share, and comment if you agree. Disagree, any suggestions? Welcome 24/7
Note
TP1 hit at 1.66440, booked 264 USD profit #EURNZD
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.