EURNZD Monthly Support - Reversal Incoming
Hi friends,
EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold.
Most likely this month will close right on the up trend line and we will not see a movement north until December.
I still expect price to head back towards 1.7600 - 1.7700s but patience is crucial here.
Some trades will take longer than others, as this is one I have held longer than my other trades as a swing trader but you must trust logic over emotion.
Stay tuned and let me know if there are any questions at all.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
EURNZD has been fairly stubborn and gone against technicals on the weekly and daily. We are now at the monthly up trend line, which I am expecting a strong support here to hold.
Most likely this month will close right on the up trend line and we will not see a movement north until December.
I still expect price to head back towards 1.7600 - 1.7700s but patience is crucial here.
Some trades will take longer than others, as this is one I have held longer than my other trades as a swing trader but you must trust logic over emotion.
Stay tuned and let me know if there are any questions at all.
Charles V
CVFX Management
Trading made Simple
Oct: +30% growth
ความคิดเห็น:
Price has broken down trend line on the daily, looking for a bull candle close above then will be adding buys.
