Hey, Hey Hey! Welcome back to another week and another opportunity to be great. Below you'll find my chart analysis for EURNZD and why I believe it's going to short.
The major move for ENZ this week is believed to be short for the following reasons:
-Despite strong bullish trend price has broken trend and retested.
- ChoC to the upside acting as a liquidity grab
-There is a bullish order flow to the upside below ranging price
I overall believe price will be be going long but this pair is not as liquid as other pairs so the move to the downside is the best opportunity to capitalize on for this week.
I hope you find value in my analysis. Happy trading this week!
The major move for ENZ this week is believed to be short for the following reasons:
-Despite strong bullish trend price has broken trend and retested.
- ChoC to the upside acting as a liquidity grab
-There is a bullish order flow to the upside below ranging price
I overall believe price will be be going long but this pair is not as liquid as other pairs so the move to the downside is the best opportunity to capitalize on for this week.
I hope you find value in my analysis. Happy trading this week!