Evening Traders,
Today’s analysis – EURNZD – trading at range high resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- PA Rotation
EURNZD’s immediate price action is impulsive, trading at a key region where a rejection is probable, allowing for a short bias.
The immediate objective is the range low support, holding this level is critical for the range to remain intact.
Price action is in a rotational environment there for a direction will be established once this range breaks.
Overall, in my opinion, EURNZD is a valid short with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps,
Thank you for following my work
And remember,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Today’s analysis – EURNZD – trading at range high resistance where a rejection is probable,
Points to consider,
- Price Action Impulsive
- Range High Resistance
- Range Low Support
- PA Rotation
EURNZD’s immediate price action is impulsive, trading at a key region where a rejection is probable, allowing for a short bias.
The immediate objective is the range low support, holding this level is critical for the range to remain intact.
Price action is in a rotational environment there for a direction will be established once this range breaks.
Overall, in my opinion, EURNZD is a valid short with defined risk, price action is to be used upon discretion/management.
Hope this analysis helps,
Thank you for following my work
And remember,
The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
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Trade with perks & support the community!
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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.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Unlock Blofin Bonuses
Trade with perks & support the community!
partner.blofin.com/d/alchemisttrader 🎁
Stay sharp, trade smart.
— Team The Alchemist ⚔️
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.