Analysis of #EURNZD
this is my favorite setup for today so far, as you can see the market is consolidating between trend line resistance and support and building structure between those lines.
The EURNZD now could provide a fantastic buying entry near a strong level and here is why like this setup:
1 >> Bullish bat pattern
2 >> 1.6100 FIB inversion
3 >> 1.2700 FIB extension
4 >> 1.5800 Psychological number
5 >> Trend line support
as you can see all these setups line up at the same level 1.58000
Trading Plan:
>>, if EURNZD pushes further to my support level near 1.5800, I will then look for a small reversal pattern to get into a big buying opportunity if the rules for entry are met.
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
this is my favorite setup for today so far, as you can see the market is consolidating between trend line resistance and support and building structure between those lines.
The EURNZD now could provide a fantastic buying entry near a strong level and here is why like this setup:
1 >> Bullish bat pattern
2 >> 1.6100 FIB inversion
3 >> 1.2700 FIB extension
4 >> 1.5800 Psychological number
5 >> Trend line support
as you can see all these setups line up at the same level 1.58000
Trading Plan:
>>, if EURNZD pushes further to my support level near 1.5800, I will then look for a small reversal pattern to get into a big buying opportunity if the rules for entry are met.
⚡ Be aware that due to the global tension we currently live In, markets are not following or respecting chart patterns and technical analysis.
________________________________________
💭 | Comment your thoughts below, I always answer.
📥 | Feel free to message me if you have any questions.
Thanks for your continued support!
