EURNZD - Intraday - We look to Buy a break of 1.6885 (stop at 1.6856)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
Our profit targets will be 1.6972 and 1.7024
Resistance: 1.6880 / 1.6940 / 1.6980
Support: 1.6810 / 1.6750 / 1.6700
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
Our profit targets will be 1.6972 and 1.7024
Resistance: 1.6880 / 1.6940 / 1.6980
Support: 1.6810 / 1.6750 / 1.6700
Trade closed: stop reached
Stop reached
Related publications
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.
Related publications
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.