EURNZD: (H4) Go short!
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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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.