Euro / New Zealand DollarUpdated EURNZD Possible Trendline Bounce/Break
In my opinion, the price either bounces off the trendline and continues to go lower, or it breaks the trendline (closed candle above on H4/D1/W1) and continues up to my line "H4 Resistance" which is about .56560. But that is a very long-term and I might come back to update the progress. What I personally believe more is a trendline break out and reaching the H4 Resistance line. Share your ideas with me! If you have anything vaulable to say towards my trading, please do! I want to become better since I am a beginner. Thanks!
Note
Price coming to my Support lines which might as well act as Resistance lines now, however as I mentioned, I expect the price to come to the Trendline and according to closed candles above/below the Trendline it either goes up or down.Note
Price approaching the trendline and weekly support, lets see!
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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.