#EURNZD trading scenarios
Aggiornato
A short position would be considered if the price fails to break above the bearish trendline.
A long position would be initiated if the price could break above the bearish trendline and change the structure towards bullish.
The trading scenario with the line arrow has a higher possibility of occurring.
Confirmations for the shorting scenario:
Price below important intraday EMAs.
Price testing an important trendline.
Price seems like has completed the wave a and b and its going to complete the wave-c.
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A long position would be initiated if the price could break above the bearish trendline and change the structure towards bullish.
The trading scenario with the line arrow has a higher possibility of occurring.
Confirmations for the shorting scenario:
Price below important intraday EMAs.
Price testing an important trendline.
Price seems like has completed the wave a and b and its going to complete the wave-c.
If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
Trade attivo
Price on its way towards our targetNota
Price almost reached its target. we can still look for possible short setup as long as price is below bearish short term trendline.Trade chiuso: obiettivo raggiunto
after a very good bearish move, price eventually managed to break above a bearish trendline. Therefor, our selling setup is no longer valid.
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