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EURNZD H3: BUY/HOLD TP +300/+500 Best Levels (SWING)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as LONG since we are in UPTREND NOW
🔸 Summary and potential trade setup
::: EURNZD 3hour/candle chart review
::: strong uptrend in progress
::: XABCD speculative setup in progress
::: revised/updated outlook
::: REVISED/UPDATED to BULLISH OUTLOOK
::: currently weak pullback in progress
::: short-term more losses
::: point C/reversal at 6540/6560
::: favors more short-term losses now
::: 4 000 std lots short vs
::: 7 000 lots long
::: expecting pullback/weakness
::: BULLS stay out / buy low later
::: BEARS are targeting C at 6540-60
::: lower risk / recommended strategy
::: BULLS strategy: BUY LOW / C 6540-60
::: BULLS strategy: BUY LOW after pullback near 6540
::: final TP BULLS (position traders): 7200
::: short-term strategy BEARS: short rips/rallies
::: expecting short-term weakness/losses
::: patience required if you want to make money
::: recommend to focus on swings only don't
::: try to trade this intraday
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 6540-60 fresh demand zone
::: 7200 fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: /PULLBACK/BEARS
::: Sentiment outlook mid-term: BULLS/REVERSAL/7200
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.