EURNZD: Weekly uptrend confirming in 2 days, 4h uptrend in a bar
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Similarly to EURAUD, EURNZD presents us with a very interesting long opportunity.
It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade.
I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear picture:
Good luck!
Ivan.
It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade.
I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear picture:
- Rgmov points up
- Price found support at a previous level of extreme agreement between market participants, a low volume profile support level, where market was totally one-directional.
- This level matches a significant fibonacci retracement of a strong bar.
- 4h chart shows 4 bars with no new low as of now, and soon a 5th, making me want to go long asap, before it starts accelerating.
Good luck!
Ivan.
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