EURNZD: Final Touchdown Before a Next Big Move!
EURNZD
The price is currently in a corrective phase, having reversed from its previous reversal point. This indicates a potential continuation of the upward trend. However, we believe there is a possibility of a sharp decline and reversal from our identified zone at 1.72321. We anticipate the price to reach the 1.8200 level before encountering resistance and reversing. This reversal aligns with our expectation of filling the imbalance zone. Our initial target is set at 1.77969, followed by a second target at 1.83369, and a final target at 1.88539, representing a potential total movement of over 1600 pips. The current price action supports our analysis. We encourage you to conduct your own analysis and consider this as an additional perspective.
If you find our insights valuable, please indicate your appreciation by liking and commenting on this idea.
Wishing you a productive weekend.
The price is currently in a corrective phase, having reversed from its previous reversal point. This indicates a potential continuation of the upward trend. However, we believe there is a possibility of a sharp decline and reversal from our identified zone at 1.72321. We anticipate the price to reach the 1.8200 level before encountering resistance and reversing. This reversal aligns with our expectation of filling the imbalance zone. Our initial target is set at 1.77969, followed by a second target at 1.83369, and a final target at 1.88539, representing a potential total movement of over 1600 pips. The current price action supports our analysis. We encourage you to conduct your own analysis and consider this as an additional perspective.
If you find our insights valuable, please indicate your appreciation by liking and commenting on this idea.
Wishing you a productive weekend.
100% Transparency,Trading is Serious Business💰
Join Our VIP Groups.SMC+ICT based Signals With Chart Analysis. 90% Accuracy Combined Three Groups. 1500-3000 Pips Monthly.
Forex: t.me/Setupsfx_bot
Gold: t.me/Setupsfx_Gold_Bot
Join Our VIP Groups.SMC+ICT based Signals With Chart Analysis. 90% Accuracy Combined Three Groups. 1500-3000 Pips Monthly.
Forex: t.me/Setupsfx_bot
Gold: t.me/Setupsfx_Gold_Bot
Related publications
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.