EURNZD - Breakout Retest

FX:EURNZD   Fx Euro/Dolar New Zealand
Here's something that we just took a look at in the Live Room, while watching Yeelen's Testimony.

EURNZD             (Which is a pair I don't trade, for those who think I trade every idea that I post) is has rallied toward previous structure highs and is now retracing back down into the previous pennant pattern highs. Although I wouldn;t be looking for a full trend continuation move here, I certainly think there is the opportunity for a trader to involve themselves in a low-risk trade looking for a retest of the highs.

Akil Stokes
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This could be Cypher under construction: targeting 1.61 ish. See here: https://www.tradingview.com/chart/TLAyLgh9/
+1 Balas
@tryhay, Certainly could be a potential cypher setting up. Well done
I like this prediction, easy to understand, you can see RSI , overbought, breakout, accepted resistance, easy triangles, maybe i would like to see MA(100/200) but no problem to find it , i rly like to follow u :) have a nice day
+1 Balas
Akil_Stokes AdoPetrovic
@AdoPetrovic, Thank you!!
+1 Balas
@Abdul33, :-)
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