EURNZD has broken out of its descending wedge this week...
Easiest way to play this is to let price bounce off the 200/250 ema and 12/30/16 (thin green line) to then pullback to the top of the wedge where the 50/60 ema awaits. Fibs should end up being right in that same area.
If this plays out we would also begin the formation of a head and shoulder pattern. Ideally we penetrate that resistance area with a higher high forming a neckline and then the retest would form the right shoulder. That's about as much confluence as one can get on a trade like this...
Ideal target would be the 12/02/15 major low (thick green line).
Easiest way to play this is to let price bounce off the 200/250 ema and 12/30/16 (thin green line) to then pullback to the top of the wedge where the 50/60 ema awaits. Fibs should end up being right in that same area.
If this plays out we would also begin the formation of a head and shoulder pattern. Ideally we penetrate that resistance area with a higher high forming a neckline and then the retest would form the right shoulder. That's about as much confluence as one can get on a trade like this...
Ideal target would be the 12/02/15 major low (thick green line).
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.