M - formation to be completed on EUR/NZD (daily chart)
Hello guys and girls,
her my expectation for the next movement in EUR/NZD.
The grey path tool shows the spotted M formation, that in my opinion
not fully completed jet.
Entry confirmation:
Price formed a potential double bottom right at the weekly uptrend line.
Plus a long wick peaked under the daily resistance and came right back up.
Please feel free to commend, if you got the same or an other opinion on this current
situation in EUR/NZD.
Greetings
Jens
her my expectation for the next movement in EUR/NZD.
The grey path tool shows the spotted M formation, that in my opinion
not fully completed jet.
Entry confirmation:
Price formed a potential double bottom right at the weekly uptrend line.
Plus a long wick peaked under the daily resistance and came right back up.
Please feel free to commend, if you got the same or an other opinion on this current
situation in EUR/NZD.
Greetings
Jens
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