EUR/NZD euro/new zealand dollar
on the monthly chart price is trading in a consolidation phase trading between notable high @ 1.86800 and average low @ 1.51200.
in a smaller MN chart overview price is trading in an ascending channel but MN supply of proximal price @ 1.69900 is in control indicating a possible increase in ongoing bearish momentum.
on the Weekly chart giving into consideration of the MN chart supply in control, i am looking for a retracement with price also reacting/trading around W chart liquidity pool ranging from 1.68200 to 1.70100.
i am looking for a retracement to lower prices as i have overall long-term bias of a bull market and my entry price inside at W liquidity pool ranging from 1.66600 to 1.75900 with entry price at fib 23.6%(0.236) @ 1.66160 taken from fib high @ 1.99274 to fib low @ 1.55937.
there is also extra bullish confluence of fresh demand of proximal price @ 1.63500 where there is also bullish trendline and a touch will indicate increase in bllish momentum.
i have first targets at MN chart liquidity pool ranging from 1.76200 to 1.77400 where there also monthly imbalance and 2nd TP @ monthly chart consolidation high @ 1.86800 which was mentioned in first paragraph.
supply and demand
put together by: Pako Phutietsile
presented by: @currencynerd
courtesy of: @TradingView
the noble price in economics belongs to Satoshi Nakamoto
on the monthly chart price is trading in a consolidation phase trading between notable high @ 1.86800 and average low @ 1.51200.
in a smaller MN chart overview price is trading in an ascending channel but MN supply of proximal price @ 1.69900 is in control indicating a possible increase in ongoing bearish momentum.
on the Weekly chart giving into consideration of the MN chart supply in control, i am looking for a retracement with price also reacting/trading around W chart liquidity pool ranging from 1.68200 to 1.70100.
i am looking for a retracement to lower prices as i have overall long-term bias of a bull market and my entry price inside at W liquidity pool ranging from 1.66600 to 1.75900 with entry price at fib 23.6%(0.236) @ 1.66160 taken from fib high @ 1.99274 to fib low @ 1.55937.
there is also extra bullish confluence of fresh demand of proximal price @ 1.63500 where there is also bullish trendline and a touch will indicate increase in bllish momentum.
i have first targets at MN chart liquidity pool ranging from 1.76200 to 1.77400 where there also monthly imbalance and 2nd TP @ monthly chart consolidation high @ 1.86800 which was mentioned in first paragraph.
supply and demand
put together by: Pako Phutietsile
presented by: @currencynerd
courtesy of: @TradingView
the noble price in economics belongs to Satoshi Nakamoto
Trade active:
all set to get to upside targets. price broke out of bearish trendline indicating that current market momentum is bullish
