EURNZD - Sell Setup at Clear Resistance Zone
EURNZD is currently trading in a clear resistance zone that has consistently acted as a barrier for bullish momentum. This area aligns with prior supply levels and could attract some seller interest.
If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.82800. However, a break above this zone could signal a potential shift in market sentiment.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective about this setup in the comments.
Best of luck , TrendDiva
If rejection patterns, such as bearish engulfing candles or long upper wicks, emerge, I anticipate a move toward 1.82800. However, a break above this zone could signal a potential shift in market sentiment.
This is not financial advice but rather how I approach support/resistance zones. Remember, always wait for confirmation before jumping in.
Please boost this post, every like and comment drives me to bring you more ideas! I’d love to hear your perspective about this setup in the comments.
Best of luck , TrendDiva
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