EURNZD reaching bottom of trend, looking for it to reach its next wave at top of trend.
Currently on upward trend. Every time price reaches previous support it goes up.Has happened three times so far. Looking at price action from previous day it looks like it is rebounding upward for a fourth time.
Last two times price hit trend line it has continued to drop. Looking for price to breakout down below the triangle. Waiting for confirmation. Planning to short.
Triangle pattern with the highs getting lower and the low end staying relatively at 1.11230. I expect a LONG breakout but wait for confirmation on which way it goes. Neutral until it goes one way or the other.