THE RISE OF EURNZD
Good Afternoon Traders,
I hope this week was favourable to you all and you made money this week? If you didn't do not worry because next week will be favourable to you especially with this current pair (EURNZD) i'm looking forward to trading.
In this Market, we can see its forming a market pattern known as "RECTANGLE" in which buyers and sellers are both stuck in consolidation, and this formed in the 4 Hour Time Frame, however it bounced off the SUPPORT ZONE, and heading towards the RESISTANCE ZONE.
HOW TO TRADE
Instead of Buying now, i suggest you go to the 30 minutes time frame to find setups or opportunity to buy to the resistance for about 100+ pips, and based on this analysis, my buying opportunity will be above the MIDDLE ZONE and this might take days before TAKE PROFIT is reached.
If this makes sense or matches your analysis, please give it a LIKE :)
I hope this week was favourable to you all and you made money this week? If you didn't do not worry because next week will be favourable to you especially with this current pair (EURNZD) i'm looking forward to trading.
In this Market, we can see its forming a market pattern known as "RECTANGLE" in which buyers and sellers are both stuck in consolidation, and this formed in the 4 Hour Time Frame, however it bounced off the SUPPORT ZONE, and heading towards the RESISTANCE ZONE.
HOW TO TRADE
Instead of Buying now, i suggest you go to the 30 minutes time frame to find setups or opportunity to buy to the resistance for about 100+ pips, and based on this analysis, my buying opportunity will be above the MIDDLE ZONE and this might take days before TAKE PROFIT is reached.
If this makes sense or matches your analysis, please give it a LIKE :)
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