This pair has been making clear moves which could have been caught using simple trendlines, patterns and area of interest. We are now approaching the support of the descending wedge.
A typical descending wedge usually ends up with the price impulsing up aggressively. We may see that with this pair. See chart below for smaller timeframe.
Be sure to give a thumbs up if you like this idea!
As always, trade safe.
A typical descending wedge usually ends up with the price impulsing up aggressively. We may see that with this pair. See chart below for smaller timeframe.
Be sure to give a thumbs up if you like this idea!
As always, trade safe.
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EURNZD 4H
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