CapitalHillFX

Possible Buy Opportunity on EurNzd

Lång
OANDA:EURNZD   Euro / Nyzeeländsk dollar
Another Euro pair of interest seems to be EurNzd. To start off on the daily timeframe, price has recently rejected off of the long-term non-horizontal support level following with bullish market structure. This could be identifying some type of trend reversal towards the upside.

Looking at the 4H timeframe, we could notice that price has just recently broken a significant level, while coming back to retest. Just waiting for some bullish rejection at this point.

That brings me to the last and smallest timeframe, which is the M15. This timeframe is a HUGE help with identifying if price is rejecting from the level or not. I'll be waiting for price to make a bullish push past the recent swing high, before executing a buy order. I have my alert set right at the swing level to prompt me.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.