EURNZD | An Ugly Scenario With Two Trading Options
Since at the beginning of July EURNZD has created a very ugly structure.
The waves can be clearly seen that they created several times fake breakouts
for the bulls and the bears at the same time.
Actually, the price is testing a very strong key resistance area.
As you can see from the chart this area acted as very strong support and resistance
on the past.
If the price manages to break above 1.6335, this could be the beginning
for the next bullish wave or also a possible change in the direction of the trend.
Otherwise, the price can move down again.
I will explain this in details later.
Thank you and Good Luck!
Since at the beginning of July EURNZD has created a very ugly structure.
The waves can be clearly seen that they created several times fake breakouts
for the bulls and the bears at the same time.
Actually, the price is testing a very strong key resistance area.
As you can see from the chart this area acted as very strong support and resistance
on the past.
If the price manages to break above 1.6335, this could be the beginning
for the next bullish wave or also a possible change in the direction of the trend.
Otherwise, the price can move down again.
I will explain this in details later.
Thank you and Good Luck!
✅MY Free Signals
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youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
✅MY Recommended Broker is TRADE NATION
🔸bit.ly/49VySJF
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.