EURNZD CURRENTLY IN MIDDLE WHAT WILL HAPPEN I FUTURE????
REDLINE
IF THE VOLUME OR SPEED OF THE CANDLE IS HIGH IT CAN REACH THE MAJOR RESISTANCE @1.74900 - 1.75100
GO SHORT @ 1.74900 WITH STOP LOSS @1.175300
TAKE PROFIT @ 1.172800
GREEN LINE:
IF THE VOLUME IS LOW IT CAN'T BREAK THE RESISTANCE AND TENDS TO MOVE DOWNWARDS @1.71500 - @1.71400
GO...
EURNZD MOVING TOWARDS RESISTANCE ...WHAT WE CAN EXPECT????
GREEN
IF MOMENTUM IS LESS THEN AFTER PRICE CONFIRMATION
YOU CAN GO SHORT AROUND @1.72700
TAKE PROFIT @ 1.70250
RED
IF MONTUM IS HIGH THEN IT WILL BREAK THE PREVIOUS RESISTANCE AND NOW IT HAS SUPPORT
AFTER PRICE CONFIRMATION YOU CAN GO LONG @1.72800
TAKE PROFIT @1.75000
EURNZD , AFTER BREAKING TH PREVIOUS SUPPORT LEVEL NOW IT MOVING TOWARDS NEW SUPPORT LEVEL @1.74900- 1.74600 (Go for Long)
When it was treated as an Support level it will move to previous resistance @1.76000 -1.76300(Go For Short)
Hello Traders,
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...
LONG RUN EXPECTING IN EURNZD BECAUSE EURNZD BREAK THE TRIANGLE IN UPPER DIRECTION AND WE CAN SEE THE NEW MOVE IN UPSIDE
BUY EURNZD @ 1.7660
TP1 : 1.7700
TP2 : 1.7760
SL FOR PAID CLIENT
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