🔸 4H CHART EXPLANATION: . . 🔸Price bounced at the Confluence Zone between the Ascending Trendline and the Support Zone. . 🔸Bullish View: in case price starts an upside move, the first target is the Resistance Zone at 1.79500. . 🔸Bearish View: in case price breaks the zone to the downside, the bearish target is the Support Zone at 1.72000. . 🔸 Will look for a...
LONG EUR/NZD, ***IF there is a clear rejection at the current area, wich is on a trendline dated from July 9 2020 and the market is oversold (seen on the RSI). IMPORTANT : I am only showing an analysis on one of the many timeframes that I use.
This trade is still running and will continue to run until a sell signal is printed by the strategy indicator.
EURNZD still running at around +500 pips currently following a great strategy !
🔸 4H CHART EXPLANATION: . . 🔸Price is on an uptrend. . 🔸Now, it is making a corrective move towards the Support Zone at 1.79700. . 🔸 We are waiting for a definition here. If it bounces, then it has potential to reach the Resistance Zone at 1.82500, but, if the zone is broken to the downside, then we could see a bearish move towards the Support Zone at...
Yo traders, EN looks bullish at the moment after forming a double bottom and presently in good upmove. Expecting to move slightly more till resistance and if the resistance holds will look for corrective down wave. Lets wait and watch how this turns out. Please like and support and comment and share your ideas. Thanks Madtradex
🔸 4H CHART EXPLANATION: . . 🔸Price is on an uptrend. . 🔸It is breaking the Resistance Zone. . 🔸 The next bullish target is the Resistance Zone at 1.82500. . 🔸 Will look for a lower timeframe bullish setup. 🔸 DAILY CHART ANALYSIS:
EURNZD creates a double bottom and now the price attempts to break a daily structure. IF price creates a impulse and retest the recent support According to Plancton's strategy, we can set a nice order ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be taken only...
🔸 4H CHART EXPLANATION: . . 🔸Pricebounced at the Daily Support Zone. . 🔸It has broken the Descending Trendline. . 🔸It has broken the Resistance Zone, so, we are waiting for a corrective move to consider long positions here. . 🔸 Will look for a lower timeframe bullish setup.
🔸 DAILY CHART EXPLANATION: . . 🔸Price is moving on an Ascending Channel. . 🔸It has broken the Descending Trendline. . 🔸Right now it is facing the Resistance Zone. If it is broken to the upside, then the bullish scenario will be active. . 🔸 Will look for a lower timeframe bullish setup. 🔸 4H CHART ANALYSIS:
PRICE BREAKS THE TREND LINE AND IS IN A BEARISH ASCENDING CHANNEL, SHORT AND THEN LONG
EURNZD I am expecting a big up-move, there is a chance we could see a corrective structure first and then continuation to the up side.
Price is being rejected from 0.74 area so will be looking for a long back to 0.78 top of channel
The multi-year accumulation above the long term bullish reversal patters is showing signs of a potential 35% rally to challenge 11 year old highs. EURNZD has seemingly displayed the characteristics of a sleeping giant for approximately 3 years. This is a market definitely to look forward to witnessing it's unfolding. Even sleeping dogs can only lie so long.
dear traders this pair had a huge bearish move to the lower side of falling channel then it made big rejection for falling more with big green candles, also it has broken small falling channel and retested it for now it is consolidating and it will go up to touch upper side of big falling channel around 1.77500.
I have identified potential TP and SL on the chart. If you find this helpful like and comment below