EURNZD Buy Opportunity Step By Step
Updated
EURNZD has been pushing down quite nicely. As I am watching the 4 hour I see price has reversed. Let me break down the reversal on the 4 hour:
1. The last lower high was 1.62789
2. Price made a higher high at 1.62813
3. Price made a higher low at 1.61935
4. Price made a new higher high at 1.63083
All of this indicates at this moment buyers are in the market. The best way to participate is to anticipate a pullback. If this week, price can pullback and stay above 161935 that will be a good opportunity to become a buyer back up to 1.63083 if this is a true higher high.
1. The last lower high was 1.62789
2. Price made a higher high at 1.62813
3. Price made a higher low at 1.61935
4. Price made a new higher high at 1.63083
All of this indicates at this moment buyers are in the market. The best way to participate is to anticipate a pullback. If this week, price can pullback and stay above 161935 that will be a good opportunity to become a buyer back up to 1.63083 if this is a true higher high.
Order cancelled
Price on EURNZD has pushed past 1.61935 which invalidates the buy setup per the 4 hour timeframe.
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