EURNZD is in downtrend, in past weeks it dropped a lot, it also broke important trendline on W.
Now is coming back to previous support, which lines up with trendline. I am watching yellow zones for reversal. I want to see break of trendline on h4 and retest to go short. SL will be small, around 40 pips.
My longterm is 1.5920, but before that I am seeing 1.6520 as TP1.
Now is coming back to previous support, which lines up with trendline. I am watching yellow zones for reversal. I want to see break of trendline on h4 and retest to go short. SL will be small, around 40 pips.
My longterm is 1.5920, but before that I am seeing 1.6520 as TP1.
Note
Looking for short again at 1.69150, if trendline is broken. TP remains the same.
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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.