TradingView
Gold-Tech
Aug 4, 2023 11:37 AM

💱EURNZD - The price is preparing for a breakout and a rise Long

Euro Fx/New Zealand DollarFXCM

Description

â‹…
EURNZD is forming an ascending triangle and for the past few hours, the currency pair has been showing potential that is preparing the price for upward movement

TA on high timeframe:
1) A retest of 1.8000 is forming
2) Consolidation near liquidity on the resistance side

TA on the low timeframe:
1) An ascending triangle is forming
2) Price into the range and consolidates near resistance
3) Pre-breakout consolidation is forming
4) Breakout of 1.8000 will send the price to 1.81000
5) Medium-term potential is to rise to 1.83000

Key support: 1.79270
Key resistance: 1.80000
Comments
LegionQ8
â‹…
great buddy, I think you are right
WalterMoon
â‹…
The best tradingview work which I saw today for EURNZD
FirstNameHelen
â‹…
Wonderful EURNZD analysis! I like this setup
Gold-Tech
â‹…
Hi! Do u agree with me? Share your opinion ;)
More