nietzschedarko

EN is going to Infinity and Beyond

Long
OANDA:EURNZD   Euro / New Zealand Dollar
EN has been in a consolidation box since 2011, (when i started high school) it broke out of that box at the beginning of March and is currently retesting it, we have seen a failed attempt to re-enter the box(4/28 17:00- 4/30 13:00 UTC -4) which acts as a spring based off our wycoff principles. The aforementioned fakeout to the downside acts as the beginning of a potential bullish channel. The fib is currently rejecting the 61.8% zone off of the last bullish impulse. At the very least I would expect in to retest the top of our H4 consolidation. SL may be a little tight and I won't be trading with one.

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.