EURNZD LONG
Price formed a weekly double bottom which is a good sign for a long opportunity, Delving down the time frames we can see an inverse head and shoulders pattern has formed no the H4 Chart along with a Strong Trendline
Current price is at a strong support zone which is also our inverse Head and shoulders neckline, if we can see price break the H4 50 EMA level I would predict price would come back to retest this level - I would be looking for a buy signal around this 50 EMA if we can get a nice break and pullback.
I would be aiming for the DAILY EMA of around 1.6730
Updates to follow
Current price is at a strong support zone which is also our inverse Head and shoulders neckline, if we can see price break the H4 50 EMA level I would predict price would come back to retest this level - I would be looking for a buy signal around this 50 EMA if we can get a nice break and pullback.
I would be aiming for the DAILY EMA of around 1.6730
Updates to follow
Penafian
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