Euro / New Zealand DollarUpdated My thoughts on EURNZD - Ascending Triangle
After having looked at the chart for EURNZD (having initially had a short bias) I noticed what i would like to believe is an ascending triangle.
The analysis published her illustrates my thinking.
DISCLAIMER:
This information is provided as an opinion only and is in no way meant to be used for trading purposes.
The analysis published her illustrates my thinking.
DISCLAIMER:
This information is provided as an opinion only and is in no way meant to be used for trading purposes.
Note
The pair closed just above the support level at 16860 a close below this level would possibly open up to 1.6864 and then 1.6770Note
first support breached at 1.6840 next support is at 1.6770. If the pair closes below 1.6770 then I expect it to reach 1.6675 which is the lower end of the green arrow.
Note
the pair reached the 1.6770 and got rejected, I will now wait for the daily close.Note
the pair has now reached the end of the expected drop.Trade closed: target reached
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.
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.