Good Day :) Hope everybody is having a great trading week so far (That's if you've been following my analysis) wink*
Technical Analysis: EUR/NZD
Bias: Neutral - On the 1Hour timeframe price action has broken out of the ascending trendline line. Therefore Price action is currently moving within a descending trendline. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the resistance zone or the support zone. Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to smash that like button & share if you've benefited in any way from this post.
Trade safe & have a great trading week :)
Technical Analysis: EUR/NZD
Bias: Neutral - On the 1Hour timeframe price action has broken out of the ascending trendline line. Therefore Price action is currently moving within a descending trendline. We do not have a clear bias at the moment, We will wait for price action to give us an indication by a break of either the resistance zone or the support zone. Once price action breaks one of these technical zones we then look for an entry in that direction of the breakout.
Please don't forget to smash that like button & share if you've benefited in any way from this post.
Trade safe & have a great trading week :)