🔹 Symbol: EUR/NZD
🔹 Current Price: 1.83706
Key Observations:
📉 Sell Order at 1.8271
🚫 Stoploss: 1.8355
💰 Take Profit: 1.8187
Recommendations:
🔹 Current Price: 1.83706
Key Observations:
- Recent price action suggests a bearish trend as EUR/NZD approaches a critical resistance zone, indicating potential downside momentum.
- Indicators such as RSI and MACD on higher timeframes show signals of weakening bullish strength, aligning with a possible trend reversal.
📉 Sell Order at 1.8271
- This level is strategically placed below the current support zone, suggesting further bearish continuation if breached.
🚫 Stoploss: 1.8355
- Positioned conservatively above the resistance level to manage risk effectively.
💰 Take Profit: 1.8187
- Targeting a prior support level, aligning with anticipated bearish momentum for optimal profit.
Recommendations:
- Monitor price action closely at the 1.8350 level. Any breakout above this level could invalidate the bearish outlook.
- Ensure strict adherence to the stop loss to mitigate potential losses.
- If price action accelerates towards 1.8271, prepare for potential volatility as key levels are tested.
Note
Professor C. E. Ward
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.
Professor C. E. Ward
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.