EUR-NZD
EURNZD SHORT IDEAPrice action in higher volume measurements is respecting both our Support and Resistance in our Channel, I'd like to see this pair complete its AB=CD Pattern with Price Action showing a clear rejection at the .78% Fibonacci Retracement, calculating final targets would be at the very bottom almost hitting support before price reverses and turns into a bullish market.
View On EURNZD D1 (05/11/2019)My view on EURNZD:
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is price will break through 1.7321 (support level) and down to the next support level (1.7000)
Thanks for reading !
EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
EURNZD: Update and what to expect
hey traders,
I have posted my last idea on EURNZD almost two weeks ago.
Little has changed.
We are still keeping 1.73 support on focus.
Bearish breakout of the underlined minor support will trigger selling reaction
and we will see a bearish continuation to lower levels of structure.
For now, we just watch the pair holding alerts below the previously mentioned support.
Target levels remain the same:
1.721 / 1.71
My view on EURNZD D1 (07/11/2019)My view on EURNZD D1 (05/11/2019)
- MACD & ATR is decreasing to the bottom now => Volatility and momentum of price is decreasing
- Price action on D1 turned from rectangle to descending triangle
- Bollinger Band squeezed
- My prediction is If price will break through 1.7321 ( support level ) then it can go down to the next support level (1.7000)
Thanks for reading,
BenelliFX