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EURNZD - Downside Momentum Play
Euro / New Zealand Dollar
Short
EURNZD - Downside Momentum Play
By FinancialGamblR
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Nov 25, 2023
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Nov 25, 2023
I see high probability to the downside for the week ahead. Here's a breakdown of the five key points I'm looking at.
Price tops out in late-August of 2023.
Price fails to push above previous highs, which serves as another indication that this range marks a relative high point for this pair.
Price re-enters this range, but sits lower than the previous high at #2.
Very repeatable pattern as price re-enter a lower range.
Watching the break and waiting for momentum to pick up to the downside as price is beginning to accelerate last Friday.
analysis
breakout
Candlestick Analysis
daytrading
EURNZD
Forex
Multiple Time Frame Analysis
priceaction
Support and Resistance
trading
trend
FinancialGamblR
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