EURNZD Continued Bearish Push
Updated
The EURNZD has been moving to the downside very aggressively for the past few days. The bears remain in control with lower lows being made day after day. Channel and Volume indicators confirm the strong bearish momentum. Price is too low to sell even though the bears continue to push the pair down. The plan is to wait for higher time frames first to confirm a bullish bias with the smaller time frames following. No need to rush this one as there are plenty of opportunities. The direction of highest probability is still bearish with a revisit to the 1.48000 price area.
Trade closed manually
We got the continued push and booked profits. In another idea we waited on the right tip of the crown and profits were booked there. This idea has been completed in the short term. More market structure is needed to make a further idea of a trade.
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