EURNZD: Short term buying chance
Summary
In the chart you can see that I drew a structure out of nowhere. This is what I visualize of how the market for EURNZD might go based on how the market reacts with the fibonacci retracement tool. In this weeks forecast, I will look a bull flag to go for a short term long and wait for it to touch the point on the fibonacci retracement. Afterwards, I would wait for a strong rejection candle form or a safer way would be to wait for the market to form a bear flag for a better confirmation.
Steps to be taken
In the chart you can see that I drew a structure out of nowhere. This is what I visualize of how the market for EURNZD might go based on how the market reacts with the fibonacci retracement tool. In this weeks forecast, I will look a bull flag to go for a short term long and wait for it to touch the point on the fibonacci retracement. Afterwards, I would wait for a strong rejection candle form or a safer way would be to wait for the market to form a bear flag for a better confirmation.
Steps to be taken
- Wait for a bull flag.
- If it touches the point, wait for a retrace candle to fully form or wait for a flag.
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.
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.