Long EURNZD range setup

14 thg 4, 2016

Good ~200-300 pip long setup
The pair is looking to stay range-bound within this wedge
Would look for consolidation at 1.63 level before taking long position

Also looking for a potential long-term buy opportunity with a break of the wedge resistance... I like the short NZD fundamentally
Here's a daily chart showing the wedge

15 thg 4, 2016

Ghi chú

Bit of consolidation forming around the 1.63 level
Looking to take a long position after the weekend
For the week ahead, watching the ECB rate decision on Thursday, though I don't expect much of a change in commentary from the last meeting