Thomas93

Weekly Divergence+ Market crash Push of 2020 could repeat EURNZD

Long
OANDA:EURNZD   Euro / New Zealand Dollar
The people that Follow my other analysis know that im looking for a Market Crash in 2021.

We can see that during the March 2020 Market crash EUR/NZD spiked up massivly.
I think with the next Market Crash this Pattern will repeat.
The weekly Bullish Divergence would Support that theory.

I already entered one small position and i would be able to avrge down 1-2 more position in a safe way with low risk.
I personally think we are very close to the next crash, and those that dont want to short the Equity markets can think about buying EUR/NZD.

i would be happy about some comments and opinnions :)
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.