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EURNZD: Learn How to Short It Wisely 🇪🇺🇳🇿
Euro / New Zealand Dollar
Short
EURNZD: Learn How to Short It Wisely 🇪🇺🇳🇿
By VasilyTrader
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Updated
May 11, 2021
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May 10, 2021
Hey traders,
Here is an update for my previous post on EURNZD.
Earlier the pair has violated a strong daily key level to the downside.
I was looking for the confirmation to short it
and finally, it looks like it is found.
The pair has found a local resistance on 4H and set equal highs,
forming a double top formation.
1.6675 is its neckline.
I am waiting for 4H candle close below that to short.
Goal will be 1.653
In case of a new higher high formation, the setup will be invalid.
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May 11, 2021
Note
Check my new analysis on NZDCAD:
Chart Patterns
Double Top or Bottom
Forex
Technical Analysis
trading
Trend Analysis
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