EURNZD Daily - Market Conditions | Next Point of Entry 01/05/24
I'm expecting a pullback to the neckline of the 'active' local trading range top neckline.
If a range forms on top of this neckline it will be a super strong BUA in phase D of the 'active' local trading range. Ideally you would see a separate 'active' trading range which would be the BUA and ideally this would be a re-accumulation active trading range as opposed to an accumulation / pullback type scenario, this is simply because I believe a BUA re-accumulation trading range as I imagine it would be a stronger SOS.
If a range forms on top of this neckline it will be a super strong BUA in phase D of the 'active' local trading range. Ideally you would see a separate 'active' trading range which would be the BUA and ideally this would be a re-accumulation active trading range as opposed to an accumulation / pullback type scenario, this is simply because I believe a BUA re-accumulation trading range as I imagine it would be a stronger SOS.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.