Price tested the upper trend line in the channel. A Head & Shoulder pattern is formed and I want to see price complete the pattern.
1) The 10 EMA has crossed the 20 EMA on the 15m, 30m, and about to crossover on the 45m and 1H TF.
2) The RSI and MACD (bearish crossover) on the lower timeframes suggest a short-term bearish trend.
EURNZD is bullish on the Daily and Weekly timeframe, so price can continue to the upside ( you can't predict how deep a pullback can be). Hoping to hit this target in the next few hours. Then go long later in the session.
Pls like & follow if you find this helpful.
1) The 10 EMA has crossed the 20 EMA on the 15m, 30m, and about to crossover on the 45m and 1H TF.
2) The RSI and MACD (bearish crossover) on the lower timeframes suggest a short-term bearish trend.
EURNZD is bullish on the Daily and Weekly timeframe, so price can continue to the upside ( you can't predict how deep a pullback can be). Hoping to hit this target in the next few hours. Then go long later in the session.
Pls like & follow if you find this helpful.
Trade closed manually:
Market made a continuation to the upside earlier than expected. 40 pips in the bag still.