As drawn, when price retraces to the trendline and horizontal intersect, buy and watch price breakout. Today's impulse is strong and i don't think its a bear flag. There's not much room for further downside anyway. We're talking potentially ~200 pips of retracement next week.
Been trying to catch the bottom for this pair, got stopped out 4 times each 10pips loss. The 5th finally paid off and now in 100pips profit. The pair has sold off extremely strongly and a retracement is overdue
However, since nzdusd has clearly broken out of its trendline, we're likely only gonna get a retracement as both eurusd and nzdusd is only retracing. The fundamentals point to further downside, but oversold conditions warrant a short-term pullback.
Been trying to catch the bottom for this pair, got stopped out 4 times each 10pips loss. The 5th finally paid off and now in 100pips profit. The pair has sold off extremely strongly and a retracement is overdue
However, since nzdusd has clearly broken out of its trendline, we're likely only gonna get a retracement as both eurusd and nzdusd is only retracing. The fundamentals point to further downside, but oversold conditions warrant a short-term pullback.
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המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.