Art-of-FX

EURNZD dont wanna miss

Long
FX:EURNZD   Euro / New Zealand Dollar
9
A set up that has been brewing for a long time is this falling wedge in the EURNZD pair. I really love this pattern and now we have a proper divergence and the possibility of a very bullish engulfing candle. Having all of these standing behind my bias gives us the confidence we need to start really building proper positions. My targets are pretty high but i think this type of set ups are perfect due to long term position building letting us gather more and more momentum as the price turns up.
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.