EURNZD Top Of Structure, Watch For Bearish Sell
Updated
Hello traders:
EURNZD is also showing some bearish price action at the top of the current structure.
WE can see from previous impulse phase has pushed down price significantly, and has now formed into this current expanding structure.
With a double tops, and a reversal bearish impulse, price is showing us signs of bearish price action.
What we can wait for is a bearish continuation correction on the LTFs to confirm the further downside of the move.
Be patient and wait for correction to develop and complete before consider an entry.
IF price break above the highs of the double tops then it will void the sell forecast.
Thank you
DISCLAIMER:
-My forecast and analysis are NOT trading signals nor financial advice, you should not enter trades and invest solely on this information.
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HTF: Comment
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H and S formed. Comment
Price is forming descending channel, watch out for reversals. Comment
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