Here is a lovely little set up on the EURNZD .
showing massively oversold at a Major structure level being tested. Loss of momentum shown by the and divergence on the indicating a relief is due.
Thesis is that we should see some buy orders filled here and a small rally up to at least the start of the channel formation before locking in some profits. Secondary targets at the next previous structure level.
Great couple of weeks in the market especially thanks to the GBPJPY . Up 7%. Lets finish on a good one!.
See you guys in the platform.
Have a great day.