Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
EURNZD APPROACHING A STRONG ZONE!
As we can see price is sitting around a strong support zone lining up with a rising channel as an over-all direction,
Meanwhile, we will be looking and interested more with new longs.
Moreover, from a shorter-term perspective, price is still overall bearish trading inside this falling broadening wedge, and for the bulls to kick in we need a break above the marked major swing high by a momentum candle close, Then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
EURNZD APPROACHING A STRONG ZONE!
As we can see price is sitting around a strong support zone lining up with a rising channel as an over-all direction,
Meanwhile, we will be looking and interested more with new longs.
Moreover, from a shorter-term perspective, price is still overall bearish trading inside this falling broadening wedge, and for the bulls to kick in we need a break above the marked major swing high by a momentum candle close, Then a movement higher would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!