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EURNZD Swing High| Price Action| 200 MA| .618 Fibonacci Evening Traders, Today’s analysis - EURNZD- trading towards Local S/R where a bounce is probable, Points to consider, - Price Action Impulsive - Local S/R Support (.618 Fibonacci & 200 MA confluence) - Swing High Objective - Oscillators Bullish Control Zones EURNZD’s immediate price action is impulsive towards Local S/R that has technical confluence with the .618 Fibonacci and 200 MA. This area is a trade location with a probability of trend continuation. Both Oscillators are currently trading in bullish control zones, remaining in these areas is indicative of strength in the market. Overall, in my opinion, EURNZD is a valid long with defined risk; price action is to be used upon discretion/ management. Hope this analysis helps! Thank you for following my work And remember, The goal of a successful trader is to make the best trades. Money is secondary. – Alexander Elder
Long
by AzizKhanZamani
GBPUSD Local S/R| Impulse Sell| Liquidity Block| Volume ClimaxEvening traders, Today’s analysis – GBPUSD- reclaim of Local S/R after an impulse sell, showing strength in the immediate short term. Points to consider, - Price Action Impulse - Local S/R Support (.382 Fibonacci) - Liquidity Block Respected - Oscillators Neutral - Volume Climax Evident GBPUSD’s immediate price action is impulsive from its respected liquidity zone; this allows us to have an immediate bullish bias on the market. Current Local S/R support is in confluence with the .382 Fibonacci, price is likely back test this level with respect, allowing for a long trade. The immediate target is upper Local S/R resistance, breaking this level will be bullish , however a rejection is likely on first attempt. Both oscillators are currently neutral, extending in overbought conditions will greatly increase the probability of a pull back. The volume profile has a volume climax node marking a temporary top, following through in bull volume is required to sustain this price action. Overall, in my opinion, GBPUSD is a valid long with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps! Thank you for following my work And remember, “It’s OK to be wrong; it’s unforgivable to stay wrong.” -Martin Zweig
Long
by AzizKhanZamani
2
CADJPY Daily S/R|Range Mid|200 EMA|Local Volume|Bearish PAEvening Traders, Today’s Analysis – CADJPY – trading at Range-Mid where a bearish retest is probable, confirming a potential right shoulder of a H&S pattern. Points to consider, - Bearish Price Action - Daily S/R Resistance - Range Mid Resistance (.50 Fibonacci Confluence) - Volume Below Average CADJPY’s immediate price action is bearish under range-mid; this allows us to have a bearish bias on the market. The Daily S/R levels are clear boundaries respecting by price, break of either will coincide with the overall direction of the trend. Current resistance, range-mid, in confluence with the 200 MA and .50 Fibonacci, a rejection here is plausible as price action morphs into a probable right shoulder. The volume profile is currently below average, an influx is likely to when key trade location are being tested. Overall, in my opinion, CADJPY is a valid short with defined risk; price action is to be used upon discretion/ management of trade. Hope this analysis helps, Thank you for following my work! And remember, “Only The Game , Can Teach You The Game” – Jesse Livermore
Short
by AzizKhanZamani
1