EUR/NZD at the Confluence Zone
🔸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 lower timeframe setup.
.
.
🔸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 lower timeframe setup.
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.