EURNZD Bullish Shark And Support Breakout
We keep our bearish bias unchanged medium-term in EURNZD.
1.77 and 1.74500 were our first short trades. ( Wedge and Head&Shoulders Patterns)
Then we sold the bearish Shark Pattern at 174880. Our trade reached our TP3 at 1.73400 and the trade is closed.
On the bigger charts, the price closed the week below EMA50 Daily at 1.73630.
The pair is pricing the Bullish Shark Pattern now. 1.74000 and 1.74400 are the targets of the pattern as shown in the chart.
On the H4 chart, the upside is capped by SMA100 and SMA200 at 1.74560.
We will sell the pair if the price pulls back to 1.74500. ( Target 2 of the Bullish Shark )
1.72800 is the key support. A fresh short opportunity can be used by the breakout of the support.
Medium Term targets of the pair are 1.72100, 171550 and 170898.
A Bullish Deep Crab pattern would be completed at 1.70100 and can be used as a buying opportunity.
Trade setups with entry alert have been updated in EURNZD Live Interacive charts for the members.
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