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2024-03-29 12:40:00
A Price Action Channel Up pattern formation on the 5 Min time frame chart supports EURNZD Bearish bias. A break of 1.80320 will support the fall towards the target of 1.80215 the break of 1.80215 would push the price to 1.80145.
SUPPORT AND RESISTANCE LEVELS
- Pivot Point 1.8091
- Support S1: 1.8085, S2: 1.8081 , S3: 1.8075
- Resistance R1: 1.8095 , R2: 1.8101 , R3: 1.8105
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Age 276 BarsFull view
Channel Up
The channel up patterns are short-term bullish in that a price moves higher within an ascending channel, but these patterns often form within longer-term downtrends as continuation patterns. An upside break is bullish, while a downside break is bearish
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