Yemi_Fx1 | Bullish Setup and opportunity on EURNZD
Happy New Week all,
One of the pair on my watchlist this week us the Euro/Kiwi. From a multiple time frame perspective, on Daily TF we can see an overall bullish continuation pattern, inside thus pattern price has made an impulsive leg, followed by a correction which is more visible on the 4HTF, and 1HTF as a descending channel.
This above signifies that a reversal is about to take place.
My overall bias in
EURNZD
is Bullish. I am waiting for price to test and validate the bottom trendline in conjunction with the support level.
My entry will be
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One of the pair on my watchlist this week us the Euro/Kiwi. From a multiple time frame perspective, on Daily TF we can see an overall bullish continuation pattern, inside thus pattern price has made an impulsive leg, followed by a correction which is more visible on the 4HTF, and 1HTF as a descending channel.
This above signifies that a reversal is about to take place.
My overall bias in
EURNZD
is Bullish. I am waiting for price to test and validate the bottom trendline in conjunction with the support level. My entry will be
- Risk entry : To enter at the test of area of interest after the confirmation of a candle stick signal.
- Reduced -Risk Entry: Entering after the test and a formation of continuation pattern (Flag).
If you found this helpful please support your fellow trader with a like.