EurNzd- buy at 1.77 zone?
Two days ago, EurNzd put a nice Pin Bar in 1.76 zone visible on the daily chart and, with yesterday's bullish daily candle this completes a morning star candle formation.
On h4 chart we can clearly see that the descending trend line is broken and now the pair is consolidating with a slight tent of correction (a flag more or less)
1.77 could be a good place for longs and only a drop under support would change this bullish outlook.
1.8 could be the target for bulls which gives them a R:R of more than 1:2
On h4 chart we can clearly see that the descending trend line is broken and now the pair is consolidating with a slight tent of correction (a flag more or less)
1.77 could be a good place for longs and only a drop under support would change this bullish outlook.
1.8 could be the target for bulls which gives them a R:R of more than 1:2
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