Hello fellow risk-takers,
In the immediate preceding idea, which panned out perfectly, I mentioned how EURNZD is still very bullish but had to fall first to gather renewed momentum present at key support areas to break into new higher highs.
EURNZD has reached a VERY liquid support and ready to resume its rally. I expect the rally to be massive, immediate, and direct, in the coming days. The recent sell-off was not a reversal but an attempt to gather fresh bullish momentum at lower lows.
Although anything can happen, however, a rally is more probable than not.
Happy Trading
In the immediate preceding idea, which panned out perfectly, I mentioned how EURNZD is still very bullish but had to fall first to gather renewed momentum present at key support areas to break into new higher highs.
EURNZD has reached a VERY liquid support and ready to resume its rally. I expect the rally to be massive, immediate, and direct, in the coming days. The recent sell-off was not a reversal but an attempt to gather fresh bullish momentum at lower lows.
Although anything can happen, however, a rally is more probable than not.
Happy Trading
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