EURNZD: Buying Opportunity
Aktualisiert
What do you think about such a buying opportunity?
The price bounced from 1.72000 support zone. We can see high highs and high lows, and it tells us about a possible bullish trend. Will the buyers be able to develop the uptrend? If they break SMA100, we should expect the continuation of the upward movement.
How to join the uptrend? It is possible to use the breakout signal above SMA100. But the better entry point will be at a new uptrend line. For this, we have to wait for a reversal signal.
Stop orders for long positions must be placed below the uptrend line and the swing low. The main profit target can be at SMA200. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
The price bounced from 1.72000 support zone. We can see high highs and high lows, and it tells us about a possible bullish trend. Will the buyers be able to develop the uptrend? If they break SMA100, we should expect the continuation of the upward movement.
How to join the uptrend? It is possible to use the breakout signal above SMA100. But the better entry point will be at a new uptrend line. For this, we have to wait for a reversal signal.
Stop orders for long positions must be placed below the uptrend line and the swing low. The main profit target can be at SMA200. Risk per trade must be no more than 1-2% from the deposit.
P.S. as I don't use like-bots and other solutions that show great "interest" to my posts, I will be grateful if you support my work by your LIKEs and comment. Of course, if you can do it. The feedback from REAL people is priceless!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Anmerkung
The price broke the local uptrend line and we did not get a reversal signal. It means we don't have active long trades and we should search for a new trade opportunity.
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