EURNZD - 2hour timeframe:
1- Broken ascending channel,
3- Bearish corrective structure,
3- Divergence,
.
Price broke out of an ascending channel and it's currently making a bearish corrective structure,
.
Price is showing Divergence in the MACD which indicates a possible reversal in the direction of the trend,
.
We will be waiting for a break out of the bearish corrective structure to confirm the down move towards the Daily support level.
1- Broken ascending channel,
3- Bearish corrective structure,
3- Divergence,
.
Price broke out of an ascending channel and it's currently making a bearish corrective structure,
.
Price is showing Divergence in the MACD which indicates a possible reversal in the direction of the trend,
.
We will be waiting for a break out of the bearish corrective structure to confirm the down move towards the Daily support level.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.