EURNZD seems bullish, pull back after a big bullish breakout
We can see on this chart a big breakout (big green candle and big volume) after a strong consolidation between 2011 and 2020.
After the breakout EURNZD made a pull back around its recent breakout (around 1.7950). If a new bullish trend has started the price will bounce and go make new all time high (since 2010).
Good long opportunity : buy right now (small contract) at 1.7983.
SL at 1.7700
Keep this trade and follow the trend, especially if the price go up to 1.9400.
After the breakout EURNZD made a pull back around its recent breakout (around 1.7950). If a new bullish trend has started the price will bounce and go make new all time high (since 2010).
Good long opportunity : buy right now (small contract) at 1.7983.
SL at 1.7700
Keep this trade and follow the trend, especially if the price go up to 1.9400.
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.