stpenda

EURNZD H4 Analysis for possible Day Trade

Long
FX:EURNZD   Euro / New Zealand Dollar
Price has been in a long term downtrend and has come down to a level at 1.65710 created since July, 2019. Price didn't hit the level but it came within that zone and created another level (1.66316) that has been tested severally but unable to breakout for about 20hrs.
Price is showing sellers exhaustion so i'll love to see price breakout of 1.66316 and pull back for a retest or HL formation. When that happens i'll be looking for buy entry on the 15mins.
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.