the 1.4720 zone looks to be a strong area of support so ill be looking to take a long up to my 200ema(blue). Both MACD and Momentum have been going bullish on 1h and creating higher lows where as market price has been staying low.
Both Momentum and market price are approaching resistance points. The entry point is also set at the 200ema which if broken would make the trade invalid.
I Think EUR/NZD make Head&Shoulder Patter and Uptrend . But it break trend line in RSI . it will be make Double Bottom.
Carreful Volatility at 5PM ECB anouncement Volatility
Pattern short in Day also
Confluence in H1 With test of Major intermediary Support/Resistance level
If you want to trade this setup wait for breakout first.
EURNZD H4 short setup ready now.
Enter after checking your rules of engagement.
This trade has a great potential with a risk to reward ration of 1:6.
Enjoy your pips ;)
Any questions, feel free.