EURNZD Range High| Range Low| Liquidity| Price Action

Evening Traders,

Today’s analysis – EURNZD – trading at range high resistance where a rejection is probable,

Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- PA Rotation

EURNZD’s immediate price action is impulsive, trading at a key region where a rejection is probable, allowing for a short bias.

The immediate objective is the range low support, holding this level is critical for the range to remain intact.

Price action is in a rotational environment there for a direction will be established once this range breaks.

Overall, in my opinion, EURNZD is a valid short with defined risk, price action is to be used upon discretion/management.

Hope this analysis helps,

Thank you for following my work

And remember,

The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder