Euro / Dollar New ZealandPembelian
Short-term trade EURNZD (15MS)
I don't usually trade 15MS charts, but this one might be interesting. As we can see, there was this rupture of an important resistance level, which lasted for about 6 days in a row, at around 1.69063. Should we go long? I think there are some important items to ponder about before making this decision:
1- check the RSI as well as the MACD, as you can see on the chart, I traced both to make sure they were pointing upwards;
2- A long-standing triangle was formed (black dotted lines), and those should be our target, in case we go long (I wouldn't short it, even because the Loss/Gain ratio would be really poor (less then 2/1).
3- check the volume! This is really important in order to verify whether your plan is been backed/supported, in a way or another, by other traders.
Do you want more hints and ideas? Follow me and LevelUp Trading staff team to check more!
Trade responsibly!
1- check the RSI as well as the MACD, as you can see on the chart, I traced both to make sure they were pointing upwards;
2- A long-standing triangle was formed (black dotted lines), and those should be our target, in case we go long (I wouldn't short it, even because the Loss/Gain ratio would be really poor (less then 2/1).
3- check the volume! This is really important in order to verify whether your plan is been backed/supported, in a way or another, by other traders.
Do you want more hints and ideas? Follow me and LevelUp Trading staff team to check more!
Trade responsibly!
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.