EURNZD plunged after the RBNZ interest rate decision!

2020-02-12 14:40:43

EURNZD plunged after RBNZ interest rate decision but technically trend is still bullish, currently prices are forming a 2-step (XABCD) pattern which ideally will continue to bring EURNZD to continue its upward movement, we still have to look price development at key support level before placing any buy order. be patient!

Plan : wait for price to bounce off from key support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY

**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)

GWBFX