Hi Tela Just my 2 cents worth on EURNZD Its stuck within a Kings...

Hi Tela

Just my 2 cents worth on EURNZD

Its stuck within a Kings Box around a Monthly Line so its in CONSOLDATION and its going NOWHERE soon.
I wouldn't take a trade until it leaves this box. I would take the trade in the direction of the breakout from the Box.
So to me it would be a bad trade - it hasn't decided where its going yet so why take a gamble.
The Weekly is Bullish but this movement has stalled so I have No trade Bias at present.

I like the look of GBPCAD for a Sell next week but again its resting around a monthly line so I am waiting till it moves down hopefully on Tuesday or Wednesday.

I must say Trumps making it hard for us Day Chartist's.