EURNZD: Short term buying chance
Summary
In the chart you can see that I drew a structure out of nowhere. This is what I visualize of how the market for EURNZD might go based on how the market reacts with the fibonacci retracement tool. In this weeks forecast, I will look a bull flag to go for a short term long and wait for it to touch the point on the fibonacci retracement. Afterwards, I would wait for a strong rejection candle form or a safer way would be to wait for the market to form a bear flag for a better confirmation.
Steps to be taken
In the chart you can see that I drew a structure out of nowhere. This is what I visualize of how the market for EURNZD might go based on how the market reacts with the fibonacci retracement tool. In this weeks forecast, I will look a bull flag to go for a short term long and wait for it to touch the point on the fibonacci retracement. Afterwards, I would wait for a strong rejection candle form or a safer way would be to wait for the market to form a bear flag for a better confirmation.
Steps to be taken
- Wait for a bull flag.
- If it touches the point, wait for a retrace candle to fully form or wait for a flag.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.