EURNZD bears still looking for one more chance
Bears look to push the market down for another trend leg as price the trend still looks healthy with no sign of momentum loss. A with-trend push is expected AT LEAST to Previous Structure Low. Reason(s) for this trade:
- price has retraced to the 50% fib level
-price reached the descending trendline
- trend strength still looks good
- has come in contact with s structure low for resistance
- price has retraced to the 50% fib level
-price reached the descending trendline
- trend strength still looks good
- has come in contact with s structure low for resistance
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.
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.