EURNZD: Long opportunity

EURNZD corrected the last wave up to 61.8% and now it is in a strong support zone between 61.8% at 1.6680 and 200 EMA. Until now we haven't seen any significant correction. We have also thin 240 min pinbars at the support zone. If price breaks trend line i am looking for a potential move up to 1.6920 or extended target 1.7090. I am waiting for a solid break and a potential H&S or a bullish flag.

Good Luck!

Kommentera:

Kommentera:

Possible short opportunity as double top. The price reached this zone really fast and indicators are exhausted.
Shooting star 240 min and we have also a tweezer top candle on 60 min.