This pair has been trading in the range since past few days, also we can see the bearish impulsive move on the left which was caused in the zone of 1.80178. we can open a short position keeping the SL at 1.80653 and target 1.78516, achieving 1:2 RR
Here is the Top-Down Analysis of EURNZD (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 44 - 26 Oct
M > Market is moving in a rising channel. Price tested monthly support, faced rejection and started upward move.
W > Price has faced rejection at support of channel and is
D > After rejection at weekly demand zone and...
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