Daily EURNZD Long Wait for Bounce
Wait for retest of 150 EMA , Bottom trend channel, or volume move upwards to confirm continuation. trading the counter trend is extremely dangerous at this point.
Note
Correction, I meant to say complex 4th wave, not third wave. Complex 4th wave is almost complete and we are waiting for a 5th wave confirmation upwards.Note
Note
Can short this to the 150 or 200 MA and bottom trend channel but because we are in consolidation phase in the middle of a upward trend channel, I would simply just wait for a confirmation to continue upward.Note
Note
After further analysis. I am expecting a break through the current resistance and onto new highs towards 2.0.
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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.