I will wait for price to goes up and i will take a Sell Position .
Enter Point : 1.6825 - 1.68 (Sell Position)
Take profit : 1.662 - 1.66
Stop loss : Breaking 1.68 zone completely on 1 Hour timeframe.
*Please consider Money Management and Risk Management and follow your rules this is only my opinion .
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The price is trading in a rising parallel channel called bearish flag.
Cause the trend is clearly bearish, most likely we will see bearish breakout of a channel and consequent bearish continuation.
Your plan is:
Wait and sell bearish breakout of 1.883
Initial target - 1.873
almost completed head and shoulders pattern on EURNZD.
If bulls break and close above 1.695
most likely we will see a bullish continuation.
your plan is:
buy the market after a bullish breakout of a neckline
T1 - 1.70368
T2 - 1.71170
Stop - 1.6860
Odds of a bull continuation are high as prices pursue their way to the resistance zone. However we could experience a pullback or reversal, in fact the resistance area rejected many upside breakout attempts.
Possible targets: @0.66800 (+30pips).
Advice: Stay bullish and buy at any low point while we don't break the 0.66000 bottom level.