EURNZD is trading in a strong bullish trend from the beginning of April.
Higher lows are perfectly respecting a rising trend line on a daily.
After setting a new high, the price retraced to a trend line again.
Pay close attention to a horizontal trading range on 4H.
Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement.
You need a 4H candle close above to confirm a breakout.
Target will be 1.6817.
‼️If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected.
Higher lows are perfectly respecting a rising trend line on a daily.
After setting a new high, the price retraced to a trend line again.
Pay close attention to a horizontal trading range on 4H.
Wait for a bullish breakout of its 1.6635 - 1.6685 resistance to catch a bullish movement.
You need a 4H candle close above to confirm a breakout.
Target will be 1.6817.
‼️If the price breaks a trend line to the downside, the setup will be invalid and a bearish continuation will be expected.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.