sell to buy
Updated
EUR/NZD euro/new zealand dollar
on the monthly chart price is trading in a consolidation phase trading between notable high @ 1.86800 and average low @ 1.51200.
in a smaller MN chart overview price is trading in an ascending channel but MN supply of proximal price @ 1.69900 is in control indicating a possible increase in ongoing bearish momentum.
on the Weekly chart giving into consideration of the MN chart supply in control, i am looking for a retracement with price also reacting/trading around W chart liquidity pool ranging from 1.68200 to 1.70100.
i am looking for a retracement to lower prices as i have overall long-term bias of a bull market and my entry price inside at W liquidity pool ranging from 1.66600 to 1.75900 with entry price at fib 23.6%(0.236) @ 1.66160 taken from fib high @ 1.99274 to fib low @ 1.55937.
there is also extra bullish confluence of fresh demand of proximal price @ 1.63500 where there is also bullish trendline and a touch will indicate increase in bllish momentum.
i have first targets at MN chart liquidity pool ranging from 1.76200 to 1.77400 where there also monthly imbalance and 2nd TP @ monthly chart consolidation high @ 1.86800 which was mentioned in first paragraph.
supply and demand
put together by: Pako Phutietsile
presented by: currencynerd
courtesy of: TradingView
the noble price in economics belongs to Satoshi Nakamoto
on the monthly chart price is trading in a consolidation phase trading between notable high @ 1.86800 and average low @ 1.51200.
in a smaller MN chart overview price is trading in an ascending channel but MN supply of proximal price @ 1.69900 is in control indicating a possible increase in ongoing bearish momentum.
on the Weekly chart giving into consideration of the MN chart supply in control, i am looking for a retracement with price also reacting/trading around W chart liquidity pool ranging from 1.68200 to 1.70100.
i am looking for a retracement to lower prices as i have overall long-term bias of a bull market and my entry price inside at W liquidity pool ranging from 1.66600 to 1.75900 with entry price at fib 23.6%(0.236) @ 1.66160 taken from fib high @ 1.99274 to fib low @ 1.55937.
there is also extra bullish confluence of fresh demand of proximal price @ 1.63500 where there is also bullish trendline and a touch will indicate increase in bllish momentum.
i have first targets at MN chart liquidity pool ranging from 1.76200 to 1.77400 where there also monthly imbalance and 2nd TP @ monthly chart consolidation high @ 1.86800 which was mentioned in first paragraph.
supply and demand
put together by: Pako Phutietsile
presented by: currencynerd
courtesy of: TradingView
the noble price in economics belongs to Satoshi Nakamoto
Trade active
all set to get to upside targets. price broke out of bearish trendline indicating that current market momentum is bullish
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