I see EURNZD that it will go up from the 1.67203 area so that it is a strong area for us to think about buying from it and of course from waiting for some confirmation to enter the trade and the target will be the 1.71709 level
Hello traders, looking at EU. Two possible scenarios…
1. If price closes above 1.17000 on the daily time frame, then we can look for long positions as a double bottom can potentially form.
2. If price closes below 1.17000 we can see price drop down to the next zone which is price 1.16400
Thank you, good luck trading.
Seeing a good bearish movement. Although its a little too late to get in for a sell position right now. I would recommend waiting for how the daily candle closes. If price closes under price 152.500, then we can see a movement downward.
Currently waiting for price to retest 152.500 and waiting to see how the daily candle closes.
Trend: Longer term bearish
Structure: Buy/Sell zone
Plan: We look for price to bounce off of the resistance/support zone and continue its longer term bearish move.
Again before entry we would like to see a solid respect of resistance zone.