ProForex101
New Member
Potential trade setting up for next week. With many fundamentals to be release through the week for European economy and New Zealand economy. Also there are Eurogroup meeting happening that can fuel the trade.
The significant indicators to look out for are:
European Union GDP
Germany's SEW Survey
We would like the Euro to show some bullish sentiments together with New Zealand economy sidelining over the course of the weak.
If markets pullback and bounce off the blue Support Resistance(1.67600) area then we could be looking at an nice upward movement to the purple trend line. This is keeping in mind that we are in an overall downtrend on a higher time frame on the weekly. However we do have some space to play to the trend line.
Trade is done ! Nice exhaustion candle that took you to the bullish territory for 50pips. Nice 2 to 1 Risk to Reward trade!
The significant indicators to look out for are:
European Union GDP
Germany's SEW Survey
We would like the Euro to show some bullish sentiments together with New Zealand economy sidelining over the course of the weak.
If markets pullback and bounce off the blue Support Resistance(1.67600) area then we could be looking at an nice upward movement to the purple trend line. This is keeping in mind that we are in an overall downtrend on a higher time frame on the weekly. However we do have some space to play to the trend line.
Trade is done ! Nice exhaustion candle that took you to the bullish territory for 50pips. Nice 2 to 1 Risk to Reward trade!
