The week before closed strong in the bullish mode where the last three days were strongly bullish and the price moved 100 pips from the strong support zone at 0.69486.
Adding Bat harmonic pattern that are formed on the current price gives more indication the price will find its way down from the current price.
The price will have a hard time to break above, but here is a potential bearish entry zone with a profit target around 0.69420 which is the support zone
and the first obstacle for the price to break below.
That should interest you
Hello traders !
How are you all ? Hope you all are doing well.
So here we have a clear analysis of a major pair NZD vs USD (Newzealand dollar vs US dollar). As we can see that the price is being rejected on last friday at a major key level resistance where a…
Hi traders how are you all ? Hope everyone is doing well.
So here we have a simple and clear analysis for NZDUSD(newzealand dollar vs us dollar) H1 TF analaysis.
The pair has been consolidating in a rising wedge which is forming a bearish flag.
So i hope you…