Wicktator

EURNZD - Bull Flag - Waiting for breakout

FX:EURNZD   Euro / New Zealand Dollar
Our EURNZD short from a couple of weeks ago has played out perfectly. See linked chart below.

We're not waiting for a clear impulse up before considering longs on the retest.
Comment: We're NOW waiting for a impulse** Typo
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Comments

The nzd is on steroids at the moment nothing and seem to stop it
+3 Reply
Wicktator SundialSignals
@SundialSignals, I know right! Hoping next week we can get a reversal. It’s overdue!
+2 Reply
MasterSaps Wicktator
@Wicktator, its overdue and a lot of -ve equity here ....lol. This seems to have now got an impulse down///are we looking 1.645 now? Would it be a good point to average in a bit more?
Reply
Wicktator MasterSaps
@MasterSaps, This is why I always wait for a confirmation - An impulse up and a retest. That way I know it's a confirmed trend reversal. Right now I'm waiting to see how price reacts to the wedge support which it is approaching. Are you already in buys?
+1 Reply
MasterSaps Wicktator
@Wicktator, Yes, I increased my buy a bit (lot actually) more when I saw the new lows and it looked like buying was coming in! the waiting game continues ...
+1 Reply
Wicktator MasterSaps
@MasterSaps, I’m going to slide into your DM’s later with a chart 😉
+2 Reply
Interesting situation to watch.
Reply
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