stampe

EN is setting up for a long position

Long
FX:EURNZD   Euro / New Zealand Dollar
9
EN broke out of a long falling wedge and is now ranging in a nice sideways flag pattern. If you enter at the bottom of the flag, make sure to leave room for false break out to the downside. If you enter at the top of the flag make sure it is a confirmed breakout. EN will meet resistance on the way up at the blue lines. You can either add to your position at the pull back or take profit and re enter. EN has a potential to go a long way.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.