An Ascending Broadening Wedge Pattern on EURNZD
Disclaimer on,
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, the
EURNZD
currency pair appears to be forming an Ascending Broadening Wedge pattern which is a bearish pattern. Confirmation of this pattern is a break of the lower trend line located in the 1.656xx area. If the area is successfully penetrated, the downside target is at the 1.635xx level which is the ideal target for this pattern which also coincides with the classic support level.
This is a personal opinion, I am not responsible on your trading results.
Trade with your own risk.
On the H4 time frame, the
EURNZD
currency pair appears to be forming an Ascending Broadening Wedge pattern which is a bearish pattern. Confirmation of this pattern is a break of the lower trend line located in the 1.656xx area. If the area is successfully penetrated, the downside target is at the 1.635xx level which is the ideal target for this pattern which also coincides with the classic support level.