Long EURNZD range setup
Updated
Good ~200-300 pip long setup
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position
Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position
Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge
Note
Bit of consolidation forming around the 1.63 levelLooking to take a long position after the weekend
For the week ahead, watching the ECB rate decision on Thursday, though I don't expect much of a change in commentary from the last meeting
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