EURNZD AUGUST MONTLY STRUCTURE OHLC(SELL SIGNAL) 🔻🔻🔻🔻
EURNZD
AUGUST MONTLY STRUCTURE
OHLC(SELL SIGNAL)
🔻🔻🔻🔻
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"Analysis of
EURNZD
EURNZD Monthly Price Structure for August
Identification of Open, High, Low, and Close Prices Indicates a Potential Sell Signal
Upon observation of the monthly timeframe, it is evident that the EURNZD pair has commenced the current month by establishing a notably elevated opening value. This is notably observed when focusing on the High price within the daily timeframe, notably situated at the level of 1.83365. This level has proven its significance as a point of strong rejection, thereby serving as a potential indication of bearish sentiment.
Considering this setup, it is advised to adopt a cautious approach and await the confirmation of selling interest before initiating any trading actions. The calculated targets for this potential selling scenario are defined as follows: The initial target is set at 1.80843, followed by a secondary target at 1.80109. Additionally, the daily open target is identified at 1.78663.
To further ensure the validity of this selling proposition, it is recommended to await a definitive crossover signal from the Traders' Dynamic Index (TDI) indicator. This would substantiate the presence of sellers in the market and provide a more informed basis for making trading decisions. Exercise prudence and patience in light of these technical indications."
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P A T I E N C E + D I S C I P L I N E
AUGUST MONTLY STRUCTURE
OHLC(SELL SIGNAL)
🔻🔻🔻🔻
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
"Analysis of
EURNZD
EURNZD Monthly Price Structure for August Identification of Open, High, Low, and Close Prices Indicates a Potential Sell Signal
Upon observation of the monthly timeframe, it is evident that the EURNZD pair has commenced the current month by establishing a notably elevated opening value. This is notably observed when focusing on the High price within the daily timeframe, notably situated at the level of 1.83365. This level has proven its significance as a point of strong rejection, thereby serving as a potential indication of bearish sentiment.
Considering this setup, it is advised to adopt a cautious approach and await the confirmation of selling interest before initiating any trading actions. The calculated targets for this potential selling scenario are defined as follows: The initial target is set at 1.80843, followed by a secondary target at 1.80109. Additionally, the daily open target is identified at 1.78663.
To further ensure the validity of this selling proposition, it is recommended to await a definitive crossover signal from the Traders' Dynamic Index (TDI) indicator. This would substantiate the presence of sellers in the market and provide a more informed basis for making trading decisions. Exercise prudence and patience in light of these technical indications."
Please support this idea with LIKE, FOLLOW & SHARE if you find it useful.
P A T I E N C E + D I S C I P L I N E