EUR/NZD 2H Price Action Analysis.
This chart highlights a potential distribution phase forming near the recent highs, signaling a possible shift from the bullish trend to a bearish trend.
Key Observations:
Plan Ahead:
If price breaks and retests the support zone, it could offer short opportunities targeting lower levels, as indicated in the forecast. Traders should watch for bearish confirmations like rejections or bearish engulfing patterns before entering trades.
Risk Management Tip:
Always manage risk with proper stop-loss placement and position sizing.
Key Observations:
- The price recently formed higher highs (HH) and higher lows (HL), maintaining a bullish structure.
- A key support zone is marked, which could act as a turning point if broken.
- The projection anticipates a breakdown below the support zone, followed by a series of lower highs (LH) and lower lows (LL)—confirming a bearish market structure.
Plan Ahead:
If price breaks and retests the support zone, it could offer short opportunities targeting lower levels, as indicated in the forecast. Traders should watch for bearish confirmations like rejections or bearish engulfing patterns before entering trades.
Risk Management Tip:
Always manage risk with proper stop-loss placement and position sizing.
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