EURNZD Enters the Final Stage of Consolidation Before Falling
1. Quite interesting currency movements because it will fall on the W1 time-frame and at the time-frame has formed a volume divergence
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2. EURNZD will again test the Fibonacci retracement level before going up, so pay close attention to price movements
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3. The pair will enter consolidation at least to the level of 0.618 or maybe lower to the level of 0.5 or 0.3 Fibonacci retracement
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4. Stop out price level which is at the level of 1.6530
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5. The target price is at the price level of 1.6800
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Conclusion : Signal Strength >>> $$$$$
Recommendation : Buy Limit >>>>> Very Strong
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----- This writing is purely for education and does not imply buying or selling ----
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2. EURNZD will again test the Fibonacci retracement level before going up, so pay close attention to price movements
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3. The pair will enter consolidation at least to the level of 0.618 or maybe lower to the level of 0.5 or 0.3 Fibonacci retracement
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4. Stop out price level which is at the level of 1.6530
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5. The target price is at the price level of 1.6800
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Conclusion : Signal Strength >>> $$$$$
Recommendation : Buy Limit >>>>> Very Strong
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----- This writing is purely for education and does not imply buying or selling ----
Trade active:
Be patient we may encountered with strong down price movement.
Be patient we may encountered with strong down price movement.
Comment:
Be careful the correction is deeper.
Trade closed: stop reached:
its more deep correction.
SO, 100 pips.
SO, 100 pips.
It will test the bottom at price level 1.6600.
Get ready with this one possibility.