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
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.