Get started
AlkalineFX

EURNZD - Range Needs Breaking

Long
Euro / New Zealand Dollar (FX:EURNZD)  
AlkalineFX  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Technical Indicators Fundamental Analysis EURNZD eurnzdshort eurnzdlong Technical Analysis
4
0
trendanalysis indicator fundamental eurnzd eurnzdshort eurnzdlong technicalanalysis
From a higher timeframe perspective, this pair has been travelling between a wide range.

When the market creates ranges it also accumulates orders at supply and demand regions.

I believe we may see a scoop below the previous support then a re-entry into the range, as illustrated.

Related Ideas

AlkalineFX
GBPCHF - Artwork
AlkalineFX
CHFJPY - Upside Inbound
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.