Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, the
EURNZD currency pair appears to be forming an Ascending Broadening Wedge pattern which is a bearish pattern. Confirmation of this pattern is a break of the lower trend line located in the 1.656xx area. If the area is successfully penetrated, the downside target is at the 1.635xx level which is the ideal target for this pattern which also coincides with the classic support level.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, the
EURNZD currency pair appears to be forming an Ascending Broadening Wedge pattern which is a bearish pattern. Confirmation of this pattern is a break of the lower trend line located in the 1.656xx area. If the area is successfully penetrated, the downside target is at the 1.635xx level which is the ideal target for this pattern which also coincides with the classic support level.
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.