This resistance needs to be broken in order to confirm an uptrend has started. There's a big probability this pair will go higher.
I'm going for a quick retest of the previous resistance area. Good luck traders
EURNZD is facing big resistance. Last time we saw a price above the current zone was is Sep 17, 2019. I do see this pair breaking above this point, but it's gotta retest first. PS: this is not financial advice.
This pair has potential to keep going long. PS: This is not financial advice
My analysis shows that Target 1 was initially reached. I still believe that there's still momentum for this pair to reach target 2 shown as "TG 2" PS: This is not financial advice.
Quick long after retesting previously marked support area. PS: this is not financial advice.
I still think there's a big probability of this trade to still do good. Place your SL and TP accordingly. PS: This is not financial advice!
After the H&S got confirmed, we encountered a bounce on the 0.684 area, jumping back up to the next zone at around 0.686 (50 EMA). As seen, this is a big resistance zone, where the 100 and 50 EMA meet. Therefore, my analysis suggests that there's a bigger possibility of getting rejected on the 4-hour timeframe. PS: This is not financial advice.
Let's follow the trend up to the next zone. PS: Not financial advice.
Bulls clearly won this match against the bears. Next resistance zone is located at 1.320 PS: This is not financial advice.