EURNZD Buy Opportunities
Now, EURNZD has declined 800 pips since its top 4 weeks ago. The current price of 1.54 is ideal for the creation of a bottom.
The pair has declined in a perfect 2 waves which have reached the 100 level duplication.
Due to the timing of this bottom, should prices rise from here, we could enter a new bullish trend of 700 or more pips.
Build a long position from this level, or, more conservatively, wait for higher highs on the 4H chart and a pullback for confirmation.
Should this level fail, I expect another 450 pip decline.
-- dave
The pair has declined in a perfect 2 waves which have reached the 100 level duplication.
Due to the timing of this bottom, should prices rise from here, we could enter a new bullish trend of 700 or more pips.
Build a long position from this level, or, more conservatively, wait for higher highs on the 4H chart and a pullback for confirmation.
Should this level fail, I expect another 450 pip decline.
-- dave
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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.