Zizani

Zizani

potential head and shoulder, low probability trade

Zizani

based on the completiton of double bottom on higher time frame. Confluenced wit the head and shoulder on 1 hour is the reason for bias towards short term sells

Zizani

based on the overall bearish momentum of the euro, we expect a continuation of a decrease. Entry is based on supply zone on 15 minute time frame and 78.6 fibonacci

Zizani

1. release of interest rate was positive for new zealand 2.break of significant support 3. euro continues to weaken

Zizani

considering the position of the market after a long rally we could expect a potential reversal, the formation of the head and shoulder aligns with daily supply zone on higher time frame. The confluence of two seperate indicators suggests that there is a high probability of the a move downward technically.

Zizani

Consolidation shows indecision hence we cannot rule out a break below consolidation structure before a rally towards highlighted supply zone for sell signals.

Zizani

we can expect a bullish rally back to the neckline or support after the completion of double top on daily

Zizani

1.based on support turned resistance. 2.supply zone confluence 3. bearish fundamental bias 4.double top on daily timeframe

Zizani

1.double bottom retracement to neckline 2. demand zone 3. head and shoulders on 4h timeframe All these confluence at this particular region, should there be a deeper retracement we will look to initiate trades at the lows of initial trade.

Zizani

possible retracement towards demand zone and 78.6% fib is a zone of interest before we take longs on the pair.

Zizani

expecting a possible retracement towards demand zones before continuation of bullish momentum

Zizani

double bottom completion should be expected around that region.

Zizani

demand zone confluences with double bottom formed earlier

Zizani

a close above support, sign bulls are still in control of the market

Zizani

retest of recent demand zone, strong bullish rally to continue