EURNZD: PA & expect fundamentals to continue short bias
Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result.
I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.
Note
Wow, couldn't have bene more wrong. The market reacted strongly to the RBNZ fundamentals over night. I'd seen yesterdays price action as a fake out, resulting in a shooting star on the daily, however looking at the 4hr we can see it was a breakout and retest and a huge pump!Glad it was just an idea...
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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.