EURNZD Still flying
Bias Bullish
Fundamental
NZD is very weak. EUR reduce interest rate but not weakening as fast.
Price Action
Price retrace back into Daily SR level and formed a falling wedge pattern. Price break through the Daily & H1 SR and falling wedge pattern with a close. Price is bullish again with the higher tf bias.
Confluence
Daily & H1 SR level broke through upwards. Falling wedge also broken. Entry level and all 3 confluence point
Setup
Long entry at confluence H1 SR level.
SL 2x ATR(20)
TP next Daily SR level R:R 1:5.5
Fundamental
NZD is very weak. EUR reduce interest rate but not weakening as fast.
Price Action
Price retrace back into Daily SR level and formed a falling wedge pattern. Price break through the Daily & H1 SR and falling wedge pattern with a close. Price is bullish again with the higher tf bias.
Confluence
Daily & H1 SR level broke through upwards. Falling wedge also broken. Entry level and all 3 confluence point
Setup
Long entry at confluence H1 SR level.
SL 2x ATR(20)
TP next Daily SR level R:R 1:5.5
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