The bullish weekly trend for EUR/NZD continues but have the buyers run out of steam for now?
Examining the weekly price action. we see that after 2 weeks of strong buying, the last week ended in a Shooting Star candle (also known as a pin candle).
This may be a sign that buying pressure has decreased and a natural pullback/correction is now in play.
Watch for changes in cycle/sentiment changes on the smaller time frames.
This may lead to sell setups if they meet your strategy rules.
Examining the weekly price action. we see that after 2 weeks of strong buying, the last week ended in a Shooting Star candle (also known as a pin candle).
This may be a sign that buying pressure has decreased and a natural pullback/correction is now in play.
Watch for changes in cycle/sentiment changes on the smaller time frames.
This may lead to sell setups if they meet your strategy rules.
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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.
Low-Cost Trading, for everyone, everywhere.
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.