EURNZD has freed itself from the Confluence of Resistance.
EURNZD has on the 3rd attempt, breaks out on the 15/06 with strong bullish momentum from the Ascending Triangle. Pulled back and retested as usual and cleared the path of the Confluence of Resistance areas where now has turned into a strong Support Zone.
Possibly another retracement back to the 1.7000 area but quite unlikely as yesterday’s correction was supported by a dynamic trend line (Thicker Red).
A Daily Close above the high of yesterday would, in my opinion, send the pair to FL1.7340 areas.
My final target is the 1.8000 areas (may be it would take weeks).
Remember: Trade at your Own Risk!
Disclaimer: I already have two Long positions and both of my SLs are at BE status. Hence, I’m Bullish Bias here.😄
Possibly another retracement back to the 1.7000 area but quite unlikely as yesterday’s correction was supported by a dynamic trend line (Thicker Red).
A Daily Close above the high of yesterday would, in my opinion, send the pair to FL1.7340 areas.
My final target is the 1.8000 areas (may be it would take weeks).
Remember: Trade at your Own Risk!
Disclaimer: I already have two Long positions and both of my SLs are at BE status. Hence, I’m Bullish Bias here.😄
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.