Hi Traders,
The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern.
.
The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance.
.
We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will look for a three-wave corrective pattern to confirm the bullish move.
.
Will post an update soon if price completed the two phases.
.
Stay tuned.
.
Any opinions on EURNZD?
The EURNZD seems to have completed a minor ABC zigzag correction within a major ABC zigzag pattern.
.
The price is currently reversing from a key support level and has the potential to move up towards the ascending channel resistance.
.
We will wait for the price to trade above the blue Counter Trend Line with a five-wave impulse, and then we will look for a three-wave corrective pattern to confirm the bullish move.
.
Will post an update soon if price completed the two phases.
.
Stay tuned.
.
Any opinions on EURNZD?
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.