🔹EUR/NZD 1H Technical Analysis
▪️Market Structure & Trend:
The market is in a bullish structure, forming higher highs and higher lows. The recent price action suggests a potential pullback before continuing the uptrend.
▪️Key Levels
- Support (Point of Interest - POI): 1.83660
- Resistance (Target Area): 1.84930
- Current Price: 1.84052
▪️Price Action & Expected Movement:
- The price has reached a short-term resistance zone and is showing signs of consolidation.
- A retracement to the POI (1.83660) is likely before further upside movement.
- If buyers step in at this demand zone, a bullish continuation toward the 1.84930 target is expected.
▪️Trade Considerations
- Bullish Scenario: Look for confirmation of support at the 1.83660 zone before entering a long position.
- Bearish Scenario: A break below the POI could indicate further downside, invalidating the bullish bias.
▪️Conclusion:
The market remains bullish, but a short-term pullback to the 1.83660 support zone could offer an optimal buy opportunity for a move toward 1.84930. Traders should watch for bullish confirmation signals at the POI before entering a trade.
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▪️Market Structure & Trend:
The market is in a bullish structure, forming higher highs and higher lows. The recent price action suggests a potential pullback before continuing the uptrend.
▪️Key Levels
- Support (Point of Interest - POI): 1.83660
- Resistance (Target Area): 1.84930
- Current Price: 1.84052
▪️Price Action & Expected Movement:
- The price has reached a short-term resistance zone and is showing signs of consolidation.
- A retracement to the POI (1.83660) is likely before further upside movement.
- If buyers step in at this demand zone, a bullish continuation toward the 1.84930 target is expected.
▪️Trade Considerations
- Bullish Scenario: Look for confirmation of support at the 1.83660 zone before entering a long position.
- Bearish Scenario: A break below the POI could indicate further downside, invalidating the bullish bias.
▪️Conclusion:
The market remains bullish, but a short-term pullback to the 1.83660 support zone could offer an optimal buy opportunity for a move toward 1.84930. Traders should watch for bullish confirmation signals at the POI before entering a trade.
😊Don't Forget To Hit The Like Button & Share Your Thoughts In Comments.
Order cancelled
the price hitting our targets, without entering our buying zone.
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💸FREE FOREX Signals in Telegram : t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/SOAMPROTRADER
🚀FREE CRYPTO Signals In Telegram: t.me/SOAMPROTRADER
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.