Tag Archives: bullish and bearish expansion

EURNZD monthly (top) and daily chart

Finally this big setup in EURNZD now in play

A big bearish setup we spotted in EURNZD back in January appears to be now in play. An anticipated Head and Shoulders reversal did not complete but since transformed. However the key feature which is a resistance going back to 2005 remains intact. A trendline break and bearish expansion sends a signal.