Zonetrading
EURUSD Analysis 8/17/2021
Hello traders, looking at EU. Two possible scenarios…
1. If price closes above 1.17000 on the daily time frame, then we can look for long positions as a double bottom can potentially form.
2. If price closes below 1.17000 we can see price drop down to the next zone which is price 1.16400
Thank you, good luck trading.
GBPJPY Analysis 8/12/21Seeing a good bearish movement. Although its a little too late to get in for a sell position right now. I would recommend waiting for how the daily candle closes. If price closes under price 152.500, then we can see a movement downward.
Currently waiting for price to retest 152.500 and waiting to see how the daily candle closes.
EURNZD, 4hr tf, bullish bat harmonic pattern plan
We're seeing EURNZD moving towards potential horizontal support at 1.6700.
This area has acted as support twice in the last 2 months.
Something interesting is EURNZD moving in a harmony and has been respecting several harmonic pattern movements.
I am planning on buying EURNZD when it touches 1.6700.
Buy EURNZD 1.6700
Stop loss 1.6650
Take profit 1.6930 (4.6R)
Use only 1-2% risk
Good luck
KEY forming zone of indecisionKEY forms zone of indecision which is highlighted by volumes at the zone of interest. Also RSI hanging around mark 50 and support at 0.0065 creates a possibility for KEY to break out of that zone and continue it's price growth. MACD gives a strong look of reaching it's downward peak and EWO doesn't even touch point zero. There is a lot of momentum waiting to show itself in that area. The main resistance level at 0.0075 should be broken with that price jump from this zone of indecision.