THIS PAIR OPENED AT WM2/MPP AT THE START OF THE WEEK. A BULL IS PROBABLY THINKING TO TAKE PRICE ALL THE WAY TO WM4. HOWEVER AFTER MOVING SIDEWAYS FOR A WHILE PRICE BROKE TO THE DOWNSIDE PRINTING A LOWER LOW, SO BEARS WILL LOOK AT THE PULLBACK AS A LOWER HIGH AND AN OPPORTUNITY TO SHORT THIS PAIR.

EURNZD H4

MARKET IS BEARISH, 21 IS BELOW THE 55. NOTE THAT PRICE OPENED AT WM2 WHICH PREDICTS A TARGET OF WM4 FOR BULLS. RESISTANCE IS AT WPP, WM3, AND WR1 WHICH COINCIDES WITH MM3. A BEAR IS PROBABLY THINKING LOWER HIGH SHORT OPPORTUNITY WITH THE 21 ACTING AS DYNAMIC RESISTANCE, AND IF PRICE MOVES ABOVE THE 21 THAN THE 55 EMA AND WM3 PIVOT WILL PROVIDE RESISTANCE.

EURNZD H1

MARKET IS BEARISH. PRICE IS RETRACING TO ROLE REVERSAL RESISTANCE. AN INTERESTING AREA IF YOU ARE A BEAR.

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