Hello everyone, here is the top-down analysis for EURNZD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
Hello everyone, here is the top-down analysis for NZDCAD, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
on DAILY: EURUSD is sitting around support so we will be looking for objective buy setups on lower timeframes unless EURUSD breaks below our blue support, then a bearish movement would be expected on H4: EURUSD is currently trading inside our red symmetrical triangle so we have two scenarios: 1- we are waiting for an objective break above the last swing that...
on WEEKLY: NZDJPY is sitting around a strong support zone in green so we will be looking for objective buy setups on lower timeframes. on H1: NZDJPY is forming a symmetrical triangle in red, so we are waiting for a momentum candle close above the last swing that forms around the upper red trendline to buy.
on DAILY: NZDUSD is approaching a resistance brown trendline so we will be looking for objective sell setups on lower timeframes. on H1: NZDUSD formed a double top pattern so we are waiting for a momentum candle close below its neckline to sell. *Conservative traders have to wait for a third swing to form around our red trendline to consider it valid and then...
on WEEKLY: EURSEK is overall bullish making higher highs and higher lows, and it is currently sitting around our lower blue trendline so we will be looking for objective buy setups on lower timeframes. on H1: price formed an objective wedge pattern in red, so we are waiting for a momentum candle close above its last swing standing to buy. we also have divergence...