EURNZD is aprroaching the bottom of a HTF flat channel structure in impulsive approach. It even breaking the bottom of the channel a bit. After that it rebound impulsively back into the channel. Usually It’s signaling for a fake move and the break is only to catch people on the wrongside of the market.. I’m anticipating for a move back top of the channel. So far, it has give a really good momentum to the upside. I will now anticipating the price to form a corrective structure.
Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target back to the top of the structure up to 1.82700
Lets see how will this pair play out.
Good Luck
Any break from any bullish continuation pattern now will trigger my buy entry with sl below the corrective structure with target back to the top of the structure up to 1.82700
Lets see how will this pair play out.
Good Luck
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This pair never form any real continuation pattern, let alone breaking it. Now it looks like it wan to retest the double bottom area once again, or form a bigger structure. I will wait for it to develop further before taking any bias