Hi Guys
The Eur NZD is heading into an area of strong support which was used recently for a nice move up. The area has been tested multiple times as both support and resistance previously.
If price reaches the same support area we will likely see at least a bounce if not the same sort of move it made previously.
There is a crab harmonic pattern with good fib ratios that has the 1.618 entry exactly in the support zone as well.
4 hr RSi is not in over sold but 1 hour is and showing divergence.
I will be monitoring this pair should price reach that level for entry reason around the crab completion point.. i.e double bottom , hammer or engulfing candle etc on lower time frame.
Safe Trading all
The Eur NZD is heading into an area of strong support which was used recently for a nice move up. The area has been tested multiple times as both support and resistance previously.
If price reaches the same support area we will likely see at least a bounce if not the same sort of move it made previously.
There is a crab harmonic pattern with good fib ratios that has the 1.618 entry exactly in the support zone as well.
4 hr RSi is not in over sold but 1 hour is and showing divergence.
I will be monitoring this pair should price reach that level for entry reason around the crab completion point.. i.e double bottom , hammer or engulfing candle etc on lower time frame.
Safe Trading all
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.
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.