EURNZD - The Bull of the Week!

6 mag

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈EURNZD has been overall bearish trading within the falling channel marked in red.

However, it is retesting the lower bound of the channel acting as an over-sold area.

Moreover, the blue zone is a strong demand!

🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #EURNZD approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

7 giorni fa

Trade chiuso: obiettivo raggiunto