EURNZD 15 Minute Timeframe - Buy

FX:EURNZD   Euro Fx/New Zealand Dollar
a year ago
Entry at Market 1.63605
1st Target 1.6473
2nd Target 1.6650
Stop Loss 1.6300

Descending Wedge Trade

Please do your own analysis before entering any trade. Typically Descending Wedges will reach the high that started the wedge , but sometimes they go higher. 2nd target is previous support before major break yesterday.
a year ago
Comment: This setup is still active - please pay attention to the close of candles and wedge support/resistance.
I could have more accurately drawn the wedge on the chart above, 3 touches on top, 3 on bottom with current candle wick protruding past.

I'll wait for a close outside of the wedge before nullifying this opportunity. This idea also lines up nicely with the though process behind NZDUSD current price action, so I'm still confident we have a good trade here.
a year ago
Trade closed: stop reached
a year ago
Trades were a good idea and solid analysis, NZD is eager to move higher. Look for opportunities to buy across the former resistance. Looks like .70000 is in sight for that pair.
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