TradingView
KHANFOREXTRADING
Sep 10, 2020 3:37 PM

chart pattern technical analysis and support and resistance Long

Euro Fx/New Zealand DollarFXCM

Description

#EUR/NZD make a continuation buy setup.
Comments
Autocratic_Rohit
it's rising wedge which is a bearish chart pattern, bro
KHANFOREXTRADING
@Autocratic_Rohit, I know dear
jetly232
Its very unlikely for the price to continue to go long because it is clearly forming a bear flag pattern and will just form the 3rd touch before the major sell off.
If you pay close attention the price is coming from a heavy bearish momentum and just being in the corrective phase.
And the Correction that it formed is a bear flag pattern which is a continuation pattern to the down side.

(PS. This is just my opinion mate. I can be wrong as well. Just using logic behind the pattern it has formed.)
KHANFOREXTRADING
@jetly232, thank you
More