EURNZD Buy a break setup.
Updated
EURNZD - Short Term - We look to Buy a break of 1.7796 (stop at 1.7769)
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7796, resulting in improved risk/reward.
Short term MACD has turned positive.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.7862 and 1.7875
Resistance: 1.7730 / 1.7765 / 1.7785
Support: 1.7700 / 1.7650 / 1.7630
The bias is to break to the upside.
A break of yesterdays high would confirm bullish momentum.
Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7796, resulting in improved risk/reward.
Short term MACD has turned positive.
We look for gains to be extended today.
Price action has formed a bullish ascending triangle formation.
Our profit targets will be 1.7862 and 1.7875
Resistance: 1.7730 / 1.7765 / 1.7785
Support: 1.7700 / 1.7650 / 1.7630
Note
Waiting for a fill..
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