EUR/NZD in a Bear flag.

Updated
EUR/NZD is in a Bear flag with bias to break to the downside.

I am looking to sell either the top of this resistance area which is around 1.7816 or sell the break of the uptrend flag line, currently around 1.7784.

Take profit will be in the middle of the support area, around 1.77380, so roughly 40 to 44 pips profit.

Good luck with this trade!
Tibor
Trade closed: target reached
Take profit hit! +38 pips
EUREURNZDeurnzdshortEURUSDFlagForexforexanalysisforexsignalsforextradingNZDSupport and ResistanceTrend Lines

Also on:

Related publications

Disclaimer