Euro / New Zealand DollarUpdated EURNZD Pattern Formation
This pair has been forming a bearish flag pattern for weeks, and it seems it is about to complete that pattern by retesting the resistance trend line.
A follow up using shorter time frames will follow so that we can position ourselves for the entry point.
A follow up using shorter time frames will follow so that we can position ourselves for the entry point.
Trade active
It is activeNote
Upper trend line has been tested. Let us wait and see if the price will break out and retest so that we can have an entry position.
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Related publications
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.