1D In the daily time frame, the price is moving in a rising parallel channel, at this moment it is very close to the bottom so it's a great moment to buy. With a potential Target around 1.955 depending on the time that takes it to get there. Bellow my Weekly view
EURNZD 1W In the weekly time frame is easier to see the double button that was already broken during covid's first days, which at the end became a bulltrap, after been rejected the price seems to be pulling up now, probably to break it, if that happens the potential objective of the double bottom is around 2.29
I am buying the euro again. It seems that todays decline was a temporaire one only and had the character of a correction. We could not fall below the markers sustainably.
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Hello traders, We predict that wave 5 has ended and a correction is materialising toward 1.7800-1.7820 zone. After that the downtrend will resume. Thanks.
POTENZIAL PROFIT: UP TO 350 PIPS TECHNICAL ANALYSIS: -Since the end of March, the market had been following a strong downtrend, breaking the ema 50 on the 1st of June, bouncing on a daily support zone at about 1.72062. -The support zone rejected the price, reversing the trend as a trend correction. (the failed attempt to retest the support level at the end of...
Pair near the resist channel of the trend line may sideline trading at this range then heading down Monthly under the MA50 but not touch Weekly below the middle of the Bollinger Band Near term side trading, then going downturn as it reached to the resistant trend
I see the LONG on this pair...
EURNZD is undergoing correction, of which i am eager to see how it plays out once it breaks of that channel. Where i have put my sell entry is my confirmation to short this pair. Don't forget to like and follow!
Friends, I have been trading for over 5 years and started to branch out early 2020 to help others. Being able to significantly help others learn in Forex and make money in Forex has been a blessing. What I've learned all these years I wanted to share it with others who have struggled in the beginning as I have. I have fell in every hole, taken every wrong path,...
Here we can clearly see a cup pattern, indication a consolidation