EURNZD has been in a pretty well-defined upward-sloping fork since early April. It's now grinding against this fork's lower quartile (LQ), and seems to be in the CD leg of downwardly impulsive ABCD.
Several possibilities for a long could present: 1) a bounce up off the LQ 2) if the LQ is crossed, the CD leg's P midpoint - a likely turning point - is pretty close to a sliding parallel that should also offer support for an upward bounce.
Depending on how EURNZD moves in the immediate future, a long trade with minimum RRR of 3-4 could be possible.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.