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 ⚔️
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
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 ⚔️
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.