Evening Traders,
Today’s analysis – EURNZD- trading at a key trade location where higher low is likely to be established,
Points to consider,
Price Action Impulsive
Local S/R Resistance
.50 Fibonacci objective
Oscillators neutral
EURNZD’s immediate price action is impulsive, trading below its local S/R with the .50 Fibonacci coming in as support, allowing for a bullish bias.
Both oscillators are trading neutral as of current, remaining in their bullish control zones is indicative of strength.
The current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, EURNZD is a valid long with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
Today’s analysis – EURNZD- trading at a key trade location where higher low is likely to be established,
Points to consider,
Price Action Impulsive
Local S/R Resistance
.50 Fibonacci objective
Oscillators neutral
EURNZD’s immediate price action is impulsive, trading below its local S/R with the .50 Fibonacci coming in as support, allowing for a bullish bias.
Both oscillators are trading neutral as of current, remaining in their bullish control zones is indicative of strength.
The current volume profile is on a decline, an influx is highly imminent when testing key trade locations.
Overall, in my opinion, EURNZD is a valid long with defined risk, price action is to be use upon discretion/ management.
Hope this analysis helps
Thank you for following my work
And remember,
“Hope is bogus emotion that only costs you money.” – Jim Cramer
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Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
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Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.