EURNZD: (H4) Go short!
Updated
Analysis:
- Price is holding around the support level. Could be a retest of this level or a possible reversal.
- Wait for confirmation candle
- Maybe a continuation of the overall downtrend or a continuation of the previous uptrend wave.
- Price is holding around the support level. Could be a retest of this level or a possible reversal.
- Wait for confirmation candle
- Maybe a continuation of the overall downtrend or a continuation of the previous uptrend wave.
Note
On the daily timeframe; a strong bearish candle has formed and pushed off of the 0.382 fib level.This could be a continuation of an uptrend.
Wait for confirmation candle...
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