Looking for EURNZD to go long based on H1 timeframe
REASONS:
- Price made higher low and ran up to make Higher High and crossed and currently staying above the 8 and 21 EMA's showing multiple rejections at the 21 EMA
- 8 EMA crossed the 21 EMA and holding
- Price also busted through resistance ceiling and pulled back to sit down on it as it testing it as new support
- MACD flipped positive and holding and MACD still above the red signal line
- Looking for TP levels of 1.7420 and 1.7470
REASONS:
- Price made higher low and ran up to make Higher High and crossed and currently staying above the 8 and 21 EMA's showing multiple rejections at the 21 EMA
- 8 EMA crossed the 21 EMA and holding
- Price also busted through resistance ceiling and pulled back to sit down on it as it testing it as new support
- MACD flipped positive and holding and MACD still above the red signal line
- Looking for TP levels of 1.7420 and 1.7470