Classical move here for the eurnzd as we are expecting new highs to come and for this purpose we’re buying calls. Whenever one is buying calls look for price at the expiration date to be bigger than the striking price and therefore the option to expire in the money.
Our scenario here calls for higher values to come and this is based on a possible double three combination for the eurnzd that should result in a third wave extended move to the upside. Normally, such a move should break the 1.69 and then price to go for over 1.72.
This being a powerful move, look for price to make small retracements if any, and for the expiration date for our calls we’re looking for end of week or end of month, but only buy calls after price is breaking that contracting triangle on the upper side.