DariusFxTrading

EURNZD bis short, Trend Change, Trend Line, Market Manipulation

Short
OANDA:EURNZD   Euro / New Zealand Dollar
Hello Traders !

Chart Analysis:
As we can see on the daily time frame market has formed an overall Up Trend. We are currently at the top of the Trend Line and also there we can see a nice Supply Zone . From here I expect the price to go down. I also marked a resistance Level which we also could reach due to market manipulation. So be aware of these Fake Outs. Trade with Price Action Confirmation and wait for valid candle stick closes in order to be more sure. But this depends on your trading plan. So stick to it.

As possible target I marked the Demand Zone which also at the bottom of the Trend Line . This setup would be a nice Swing Trade and of course you could scalp it.

That was my Idea and I hope you did like it. Please leave a LIKE if you like my Content that I share with you. In the comment section you can tell my your view and ask questions.

Thank you and we will see next time
- Darius.

Comments

I have this point of view on eurnzd at the moment
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Nice analysis; same view :)
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I bleed from the forehead with EUR pairs ! Hehe... Thanks for sharing.
Monitoring that pair too !
Reply
@MissLenoir, haha yeah me either, you are welcome
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