EURNZD Buy a break setup.
Updated
EURNZD - Intraday - We look to Buy a break of 1.7004 (stop at 1.6974)
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
A break of 1.7000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7095 and 1.7145
Resistance: 1.6950 / 1.7000 / 1.7050
Support: 1.6900 / 1.6860 / 1.6810
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
A break of 1.6880 is needed to confirm follow through bullish momentum.
Price action looks to be forming a bottom.
We look for a temporary move higher.
A break of 1.7000 is needed to confirm follow through bullish momentum.
Our profit targets will be 1.7095 and 1.7145
Resistance: 1.6950 / 1.7000 / 1.7050
Support: 1.6900 / 1.6860 / 1.6810
Order cancelled
Trade expired
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