EURNZD Look for this second sell opportunity
Updated
Hello traders:
EURNZD once again shaping up for another sell setup from the top.
We see previous price action had the bearish move down, but failed to continue to the recent lows area.
This is a indication that the correction of the HTF is yet to finished, and price is again at the top of the the overall structure.
Same approach as my previous analysis, I would wait to see if price will form some sort of reversal action, and go down to LTF to look for entries.
Thank you
Note
Watch price action to form deeper correction and break the previous low before getting into another sell.
Related publications
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.