EURNZD: Trend is Strengthening - We Watch for Longs

The slope of the upsloping median line set works phenomenally well giving is key support and resistance levels into the chart. Looking closer at the 4h chart what we may see is that support has stepped up a very good sign that current trend is strengthening. A sharp impulse adds to our analysis that most likely buyers are all over the level with an intention pushing price to the upside.

Watch for a buy setup completion at current level. Personally I will keep an eye for a bullish harmonic pattern. I will update the post to let you know.

Daily chart with a almost perfect slope pitchfork