Note

THURSDAY PRESENTS US WITH EURNZD SETUP

· View 236

#OPINIONLEADER#


EURNZD is one of the pairs that have presented a clear pattern that gives us a clue of what the market is likely to do next.

From the picture below,  the trend line is drawn from the bigger picture i.e. higher timeframe, price had respected this trend line a couple of times. From the beginning of the week, price bounced from the trend line and found a resistance at 1.70422, to make a dip I believe is a minor pullback to 1.6931, and then the buying pressure resumes in the direction of the uptrend. 

In my opinion, the buying pressure may push further to 1.70403, then we may experience further breakout to the upside or perhaps a consolidation. 

 

THURSDAY PRESENTS US WITH EURNZD SETUP


Disclaimer:  What I have shared above is not a financial or investment advice of any sort, it’s just for educational purposes only, whatever trading decision you make is at your own risk.

Edited 02 Jul 2021, 04:38

Disclaimer: The content above represents only the views of the author or guest. It does not represent any views or positions of FOLLOWME and does not mean that FOLLOWME agrees with its statement or description, nor does it constitute any investment advice. For all actions taken by visitors based on information provided by the FOLLOWME community, the community does not assume any form of liability unless otherwise expressly promised in writing.

FOLLOWME Support
Total 100 FCOIN reward
avatar

Hot

👍
Good
I think you can wait for the price to pullback to 1.6980 then go long, with the stop loss at 1.6945

-THE END-

login