Yesterday I posted an idea about EURNZD being about to breakout a Head and Shoulders pattern and now the price has reached the top of an ascending channel that could be a future bear flag but for now we look at it as an ascending channel.
I expect price to fall from the top of channel to the nearest support, which is about 200 pips move to the bearish side.
I expect price to fall from the top of channel to the nearest support, which is about 200 pips move to the bearish side.
Note
Lower TF perspectiveNote
Ever heard of Niagara falls...? EURNZD seems to have; Sellers are joining forces aggressively. Yet we have to see how price will react to swing's 50% and 61.8% retracement levelsTrade closed: target reached
Profits Taken! Was fun!
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.
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.