EURNZD
I see price action on daily has formed a while known "W- pattern" or major support area. If you look on daily last month was price action had a major sell off on this pair, which now needs to be filled in before this month and 2023 is over with with buying.
From 1.76000 to 1.80000 is a 400 pip gap or fair value area of only one way selling, which needs to be negated with buying. Will be looking for only buying opportunities on this pair rest of year.
With any trading- please always control risks on every trade and have a plan and trade plan.
*What is your view or opinion on EURNZD rest of 2023?
I see price action on daily has formed a while known "W- pattern" or major support area. If you look on daily last month was price action had a major sell off on this pair, which now needs to be filled in before this month and 2023 is over with with buying.
From 1.76000 to 1.80000 is a 400 pip gap or fair value area of only one way selling, which needs to be negated with buying. Will be looking for only buying opportunities on this pair rest of year.
With any trading- please always control risks on every trade and have a plan and trade plan.
*What is your view or opinion on EURNZD rest of 2023?