Euro / Dólar Neo-zelandês

EURNZD potential HS setup With Flag

80
What it do players. Wishing all happy Holiday's. I am Lovin' the flow so far with EURNZD. Stepping back to get a good overview..i didnt post any ideas with this pair but have been trading the pair on a weekly scale and price seems to behave quite well. We had a very good break of a rising wedge on the daily which price reacted well too. Now it seems sellers are positioning themselves and could be causing this pair to create a nice HS! i would anticipate and upwards move since we see the break of a falling wedge and price is now resting at the top of the trendline. We can always push lower,as there is plenty of room for it,but this flag can setup for the right shoulder which can definitely increase the odds and show buyers are switching sides and distribution is taking place. As always,trade wisely! :)

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