EurNzd- In a good place for a swing buy trade

2021年3月14日

I think there is no trader who hasn't wondered where the eurnzd decline will stop...
And I think we are at that point

On a weekly chart, we can clearly see a long-tailed Pin Bar in long term horizontal support, followed by a consolidation week and another small Pin Bar, which gives me reasons to think that a bottom is in place and a correction will follow

If we zoom in on H4, we can see the false break of important 1.65 and strong rebound followed by consolidation



At this point, EurNzd is trading at 1.6656 and I expect a break above 1.67 resistance, after this the road is clear to 1.7 important figure