EURNZD 123786

Dear Dynamic Traders,

Hope you all had a wonderful weekend. I would like to congratulate Saba on reaching a momentous milestone in her trading career. Passion and perseverance with the right guidance from the "guru" enabling the birth of yet another consistent, successful trader.


Today's post is one of the EURNZD. The weekly chart shows a strong trend up, price has been creating new highs and has got close to the 2.600 mark. I would like to draw your attention to the MACD which is currently showng divergence. In fact, on closer inspection you will note that MACD has not been following price across many timeframes.














The daily chart reveals a lot more relating to a potential 123786/886 set up. MACD is diverging and price is at a key Fib reversal level. In addition, price is in close proximity to the figure. If the rules of the set up old true, await the BOB and take the opportunity.














Fortunate Trading!
Bijal Shah

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