Eur/Nzd Potential Long Swing trade opportunity.
The market is in an up trend as we can spot it by looking from left to right. In order,to get long we need to consider other trend confirmation indicators.
-As we can see the the 100 EMA went above the 200 EMA which indicates a very strong bias that the market is more likely into continue trending up.
-The Indicator that confirms up trend, is the trend line that shows that the market has been making, Higher highs which is a basic way to predict future market movement.
-The other tool indicating a strong market reversal is the 1.618 at the 1.7121 zone, which is a zone where the market has respected a couple of times before.
Expect to Buy at the 1.7124
Stop loss at the 1.6950
Target 1 at the 1.7493 resistance zone
Target 2 at the 1.1.7826 resistance zone
-As we can see the the 100 EMA went above the 200 EMA which indicates a very strong bias that the market is more likely into continue trending up.
-The Indicator that confirms up trend, is the trend line that shows that the market has been making, Higher highs which is a basic way to predict future market movement.
-The other tool indicating a strong market reversal is the 1.618 at the 1.7121 zone, which is a zone where the market has respected a couple of times before.
Expect to Buy at the 1.7124
Stop loss at the 1.6950
Target 1 at the 1.7493 resistance zone
Target 2 at the 1.1.7826 resistance zone