EURNZD looks quite interesting at the moment. Price rose to the upside steadily and now seems to have created a well known pattern: a bullish flag.
My expectation is for the price to continue, but first I would wait for a full strong candle to confirm the signal. I would target 2.00500.
If, on the other hand, price will decline below the flag, that would invalidate the continuation, and we can expect a short-term pullback incoming.
What do you think?
My expectation is for the price to continue, but first I would wait for a full strong candle to confirm the signal. I would target 2.00500.
If, on the other hand, price will decline below the flag, that would invalidate the continuation, and we can expect a short-term pullback incoming.
What do you think?
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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.