EURNZD BREAKOUT ALERT
Hello guys, if you like my idea, do not forget to support with a like and follow for more.
EURNZD is overall bullish in the 4hours tf, traded on a falling wedges and broke out to the lower resistance.
Price tested the lower resistance and broke out the lower trend line (bearish sign).
I noticed a PBOS ( possible break of structure), if that happens price may go to grap liquidity above to descend lower. Major support is at the 1.60 area.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
EURNZD is overall bullish in the 4hours tf, traded on a falling wedges and broke out to the lower resistance.
Price tested the lower resistance and broke out the lower trend line (bearish sign).
I noticed a PBOS ( possible break of structure), if that happens price may go to grap liquidity above to descend lower. Major support is at the 1.60 area.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
Related publications
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.