SHORT - EURNZD (D) (28 May 2023)
Position Trade - EURNZD
In the Monthly Chart,
- Price reached the Monthly Supply
In the Weekly Chart,
- I am expecting a fresh sell from the chart since the Supply zone is FRESH
In the Daily Chart,
- Selling from Daily Supply (1) is higher probability in my opinion
No alerts or pending orders are placed as this trader wishes to study this pair to confirm my analysis.
In the Monthly Chart,
- Price reached the Monthly Supply
In the Weekly Chart,
- I am expecting a fresh sell from the chart since the Supply zone is FRESH
In the Daily Chart,
- Selling from Daily Supply (1) is higher probability in my opinion
No alerts or pending orders are placed as this trader wishes to study this pair to confirm my analysis.
Note
Currently price is reacting off from Daily Supply (2) instead. Note
As predicted, price hit the Weekly supply and comes downNote
Note
In the Daily chart, price is currently reacting to the Daily Supply (2) Note
This pair will be kept for analysis; it is observed that the volatility in price is quite low.
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