EURNZD Short - Continuation of bearish move following break
Evening traders, liking this set up, looking at further downside movement.
If we look at higher time frames we can see price broke downward of the upward trend line, we then began to form lower lows and lower highs on the 4 hour time frame, we have a previous level of support turned resistance and a 4 hourly 50ma rejection.
A couple of set ups on the cards for this week which need a little more development and I'll keep you updated with anything I see.
Remember to plan your trade.
If we look at higher time frames we can see price broke downward of the upward trend line, we then began to form lower lows and lower highs on the 4 hour time frame, we have a previous level of support turned resistance and a 4 hourly 50ma rejection.
A couple of set ups on the cards for this week which need a little more development and I'll keep you updated with anything I see.
Remember to plan your trade.
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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.