Godal Member's, Traders and Aspiring Traders . Todays shared post is a follow up post on the previous shared analysis.
( Multi Time Frame Analysis )
Pair : EURNZD
Time-Frame : Daily
Biased
Daily - Bullish : In complimentary to the Monthly and Weekly chart analysis, price action seems to be pulling back for a second chance to find entry criteria for further upside. If I see no signs of market becoming Bullish once retracing to circled area , there could be a potential stop hunt. Once I get confirmation with one of the two taking place I will wait for market to become Bullish on lower time frames and wait for personal entry criteria for further upside.
( Multi Time Frame Analysis )
Pair : EURNZD
Time-Frame : Daily
Biased
Daily - Bullish : In complimentary to the Monthly and Weekly chart analysis, price action seems to be pulling back for a second chance to find entry criteria for further upside. If I see no signs of market becoming Bullish once retracing to circled area , there could be a potential stop hunt. Once I get confirmation with one of the two taking place I will wait for market to become Bullish on lower time frames and wait for personal entry criteria for further upside.
Comment:
Monthly Chart Analysis
Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURNZD
Time-Frame : Monthly
Biased
Bullish : A bearish channel has been identified and as shown with the green arrows the support trendline has been respected with a strong rejection candles . Now I expect the price action to rise to the resistant trendline of the bearish channel . ( Next Post Will Be Weekly)
Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : EURNZD
Time-Frame : Monthly
Biased
Bullish : A bearish channel has been identified and as shown with the green arrows the support trendline has been respected with a strong rejection candles . Now I expect the price action to rise to the resistant trendline of the bearish channel . ( Next Post Will Be Weekly)
Godal Member's, Traders and Aspiring Traders . Todays shared post is a follow up post on the previous shared analysis.
( Multi Time Frame Analysis )
Pair : EURNZD
Time-Frame : Weekly
Biased
Bullish : Trend within trend / Counter trend-line.
As you can see within the major Monthly bearish channel there is a weekly bearish trend within that has been broken as the dotted line represents. The break out has already retested and held so for the coming week could look for potential continuation if we have a bullish weekly candle close. ( Next Post Will Be Daily)