EURNZD: Weekly uptrend confirming in 2 days, 4h uptrend in a bar
Similarly to EURAUD, EURNZD presents us with a very interesting long opportunity.
It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade.
I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear picture:
Good luck!
Ivan.
It would seem as if the Euro pairs have taken a breath before climbing higher overall, potentially even EURUSD, but I'd rather stick to these two (and maybe EURJPY) for a long trade.
I'll update EURJPY briefly, for now I leave you with this chart, I believe it paints a pretty clear picture:
- Rgmov points up
- Price found support at a previous level of extreme agreement between market participants, a low volume profile support level, where market was totally one-directional.
- This level matches a significant fibonacci retracement of a strong bar.
- 4h chart shows 4 bars with no new low as of now, and soon a 5th, making me want to go long asap, before it starts accelerating.
Good luck!
Ivan.
Trade closed: target reached
Perfection.
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🔒Want to dive deeper? Check out my paid services below🔒
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Related publications
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.