We were anticipating a bullish run for EURNZD but the NZD news event caused EURNZD to come down and almost retest the major ascending trendline. There was a bear flag just before structure was broken, which can be seen on the lower timeframe (See chart update below)
Will be waiting for buying pressure to confirm that EURNZD is still in a bull run and then find safe entry reasons such as bull flags and/or break retests.
Will be waiting for buying pressure to confirm that EURNZD is still in a bull run and then find safe entry reasons such as bull flags and/or break retests.
Note
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.