EUR.NZD - Multiple Structure Levels To Contend With

Currency Pair: EUR.NZD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long ( Short Term )

Live EUR.NZD updates will be available in the comments section below

Kommentar:

1hr pullback is now underway, i will await deceleration prior to a long opportunity.

Kommentar:

No deceleration formed on the 1hr TF, however i am watching the Daily TF as we are forming multiple indecision candles ( Doji / Low test ) giving us a potential long opportunity.

Kommentar:

As predicted price accelerated away from the Daily support at 1.6800
i would be cautious getting long into next week as the Daily 50EMA has been rejected, i would personally await a break of the minor resistance prior to a long opportunity.